Daily Research News Online no. 20771 - More 'Timid' Growth for Ipsos

More 'Timid' Growth for Ipsos

April 23 2015

Ipsos has reported 0.8% organic growth in revenue for the first quarter of 2015 - though measured in Euros revenue was up 10.6% to EUR 379.6m.

The quarterly organic rise mirrors that for Q4 2014, reported in February when Ipsos announced a 'timid return to growth' after an 'unsatisfactory year'.

By region, Ipsos said it was 'satisfied' with good Q1 results achieved in the US, UK, Germany and France, as well as China, Japan and certain Latin American markets. However, it says this is the first time in the history of the company, that developing countries under-performed over a quarter. Emerging countries represent 32% of Ipsos' business with 0.5% organic growth, while developed countries recorded an organic growth of 1%.

Consolidated revenues by geographical area (in millions of euros)	1st quarter 2015	1st quarter 2014	Change 2015 / 2014	Organic Growth
Europe, Middle East and Africa	168.9	165.7	1.9%	-0.5%
Americas	147.3	124.7	18.1%	1%
Asia-Pacific	63.4	52.9	19.9%	4%
Quarterly revenues	379.6	343.3	10.6%	0.8%

By business line, performance levels roughly matched those of the first quarter of 2014. Ipsos said the teams in charge of opinion polls and social research had continued to achieve 'highly successful' results in all local and international markets; while the other business lines are 'progressing as expected', including the firm's newly merged brand communication, advertising and media business Ipsos Connect.

Consolidated revenues by business line (In millions of euros)	1st quarter 2015	1st quarter 2014	Change 2015 / 2014	Organic Growth
Media and Advertising Research	90.1	85.7	5.1%	-2%
Marketing Research	199.8	177.9	12.3%	1%
Opinion & Social Research	41.8	35.4	17.9%	7.5%
Client and Employee Relationship Management	48.0	44.3	8.2%	1.5%
Quarterly revenues	379.6	343.3	10.6%	0.8%