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OMC - Omnicom Inc News Story

$48.77 -0.1  -0.3%

Last Trade - 5:55pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £8.24bn
Enterprise Value £10.65bn
Revenue £10.96bn
Position in Universe 732nd / 6400

BUZZ-Omnicom: Expects cash flow to fall due to coronavirus

Wed 25th March, 2020 12:20pm
** Ad firm  OMC.N  expects a drop in cash flow from
operations due to the coronavirus pandemic 
    ** Says impact of coronavirus on business may be material
    ** These actions (travel restrictions, limitations on public
gatherings) pose a risk that clients may reduce their demand for
co's services and could result in a reduction in revenue, which
would adversely affect operations - OMC  urn:newsml:reuters.com:*:nPn8v43CGa
    ** Shares of OMC remain little unchanged in premarket
trading
    ** OMC closed up 6.6% at $51.48 on Tuesday, snapping four
straight session of losses 
    ** Up to Tuesday close, stock down ~36% this year

 (Reporting by Akanksha Rana in Bengaluru)
 ((akanksha.rana@thomsonreuters.com;))
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