Omnicom Group Inc (BSP:O1MC34)
R$ 317.44 3.86 (1.23%) Market Cap: 122.42 Bil Enterprise Value: 147.69 Bil PE Ratio: 14.50 PB Ratio: 5.21 GF Score: 31/100
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Omnicom Group Inc at JPMorgan Global Technology, Media and Communications Conference Transcript

May 24, 2023 / 01:20PM GMT
Release Date Price: R$226.09 (-1.80%)
David Karnovsky
JPMorgan Chase & Co, Research Division - Analyst

All right. We'll get started. Happy to have back at the conference from Omnicom, John Wren, Chairman and CEO; and Phil Angelastro, Executive VP and CFO. Thanks so much for being here, guys.

Questions & Answers

David Karnovsky
JPMorgan Chase & Co, Research Division - Analyst

John, maybe I'll start it off at a high level. So we're still in a pretty dynamic period for advertising and marketing services. So how are you thinking about setting key priorities for Omnicom and balancing the short and long term?

John D. Wren
Omnicom Group Inc. - Chairman & CEO

Sure. The short term, I think a couple of things. We've rebalanced the portfolio over the last -- over the last 10 years. So we're -- I think we have a portfolio of companies that the market needs help from. So we're in the process, even with the prospect of lower growth in recession or mild recession at some point.

We are still continuing to grow and invest in the areas

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