Daily Research News Online no. 19904 - Ipsos Reports 'Slight Improvement' in Third Quarter

Ipsos Reports 'Slight Improvement' in Third Quarter

October 22 2014

Ipsos has reported third quarter revenue of EUR 412.7m, representing marginal organic growth (0.2%) year-on-year. The decline in reported figures slowed to 1.4%.

The figures are an improvement on the second quarter, when the firm reported organic contraction of -1.1% and a drop of 7.1% in reported figures, mostly down to currency effects.

Consolidated revenues (In millions of Euros)	2014	2013	2012	Total growth for the period 2014/2013	Organic growth for the period 2014/2013
First quarter	343.3	359.6	379.9	-4.5%	1.5%
Second quarter	412.7	444.1	457.1	-7.1%	-1.1%
Third quarter	412.7	418.6	440.5	-1.4%	0.2%
Total for the period from 1 January to 30 September	1,168.7	1,222.3	1,277.5	-4.4%	0.1%
Fourth quarter	-	490.1	512.0	-	-
Full year	-	1,712.4	1,789.5	-	-

By Geographical Area

With the onset of recovery in the Americas region, Ipsos said business had been 'virtually stable' over the last quarter, after organic contraction of 2.5% during the first six months of the year. In Asia, China continued to improve, while developed countries in the region (Japan/South Korea/Australia) were 'less robust'. In Europe, the North - including the UK - held up better than the South, while the East declined slightly. Meanwhile, the Middle East and Africa continued to move in a positive direction.

In total, Ipsos carried out 35% of its business in emerging countries, where it saw its business increase by 5.2%, almost exactly offsetting the 2.6% decline in business (at constant exchange rates) seen in developed countries.

Consolidated revenues by geographic area (In millions of Euros)	2014 (9 months)	2013 (9 months)	2012 (9 months)	Change 2014/2013	Organic growth (9 months)
Europe, Middle East and Africa	539.1	541.1	554.0	-0.4%	1%
Americas	438.3	482.8	507.3	-9.2%	-1.5%
Asia-Pacific	191.3	198.4	216.2	-3.6%	2%
Total for the period from 1 January to 30 September	1,168.7	1,222.3	1,277.5	-4.4%	0.1%

By Business Line

All business lines saw a decline in reported figures during the quarter, with revenues in the MediaCT division falling by 8.8% to EUR 110.6m from EUR 121.2m in Q3 2013. Over the 9 months to date, all lines except Opinion & Social Research have seen declines in reported figures.

Consolidated revenues by business line (In millions of euros)	2014 (9 months)	2013 (9 months)	2012 (9 months)	Change 2014/2013	Organic growth (9 months)
Advertising Research	183.5	199.0	210.1	-7.8%	0
Marketing Research	601.8	628.7	640.7	-4.3%	-0.5%
Media, Content & Technology Research	110.6	121.2	137.1	-8.8%	-4.5%
Opinion & Social Research	114.1	112.2	121.3	1.6%	4%
Customer and Employee Relationship Management Research	158.8	161.2	168.3	-1.5%	3.5%
Total for the period from 1 January to 30 September	1,168.7	1,222.3	1,277.5	-4.4%	0.1%

2014 Outlook

In a statement, Ipsos said it remains 'fundamentally optimistic' about its position, adding that it is working on the final development of new and existing services, which it is counting on to regain growth momentum.

Web site: www.ipsos.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.