Daily Research News Online no. 21658 - Ipsos Third Quarter Revenue Dips

Ipsos Third Quarter Revenue Dips

October 21 2015

Ipsos has reported a 3.7% increase in revenue to EUR 428m for the period from July to September, but at constant scope and exchange rates this equates to a fall of 2.2%. The decline cancels out a small real-terms rise in the first half of the year.

For the first nine months of the year, reported revenue rose 7.9% to EUR 1.26 bn, but after allowing for 8.6% from currency effects there was again a small decline.

Consolidated revenues (In millions of Euros)	2015	2014	2013	Total growth for the period 2015/2014
First quarter	379.6	343.3	359.6	10.6%
Second quarter	453.3	412.7	444.1	9.8%
Third quarter	428.0	412.8	418.6	3.7%
Total for the period from 1 January to 30 September	1,260.9	1,168.8	1,222.3	7.9%
Fourth quarter	-	500.7	490.1	-
Full year	-	1,669.5	1,712.4	-

Ipsos says that emerging markets in all three of its global regions have seen decreased volume. In the Europe, Middle East and Africa region rising revenues in many of the more developed markets have more than compensated for this, while in the Americas and Asia Pacific they have partly offset it.

Consolidated revenues by geographic area (In millions of Euros)	2015 (9 months)	2014 (9 months)	2013 (9 months)	Change 2015/2014	Organic growth (9 months)
Europe, Middle East and Africa	555.5	539.1	541.1	3%	0.5%
Americas	493.1	438.3	482.8	12.5%	- 2%
Asia-Pacific	212.3	191.3	198.4	11%	- 2%
Total for the period from 1 January to 30 September	1,260.9	1,168.7	1,222.3	7.9%	- 1%

By business line, the creation of Ipsos Connect has resulted in a complete overhaul of the firm's services and of its teams, and while the immediate financial impact is negative, the firm says it is expecting positive effects from the division during the coming years. Meanwhile, Ipsos Loyalty will end the year showing growth, Ipsos Marketing is also expected to do better than the group average, and Ipsos Public Affairs is experiencing a 'good year'.

Consolidated revenues by business line (In millions of euros)	2015 (9 months)	2014 (9 months)	2013 (9 months)	Change 2015/2014	Organic growth (9 months)
Media and Advertising Research	289.9	294.1	320.2	- 1.4%	- 6.5%
Marketing Research	667.6	601.8	628.7	10.9%	0.5%
Opinion & Social Research	129.0	114.1	112.2	13.0%	4%
Client and Employee Relationship Management	174.5	158.8	161.2	9.9%	0%
Total for the period from 1 January to 30 September	1,260.9	1,168.7	1,222.3	7.9%	- 1%