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Opinion Research Units Lead Ipsos Growth
Ipsos has announced a successful first nine months of 2006 with organic revenue growth of 8% over the year earlier period, and overall growth of 24.9% to Euros 613.2m. Third quarter growth was slightly slower at 22% (organic 7%).
The other two factors in the good performance for the nine months were changes in the scope of consolidation, with the integration of MORI in the UK, Understanding UnLtd in the US and Camelford Graham in Canada, (between them adding 14.7%) and currency effects, contributing 2.2%.
Strongest growth in the third quarter still comes from developing economies and North America. Organic growth for the Asia/Pacific -Middle East zone excluding Japan remained well above 10%. Revenue contribution for Europe was Euros 284.2m (up 30%, organic 6%); North America Euros 214.6m (up 26%, 8.5% organic); Latin America Euros 57.0m (up 19%, 14% organic); and Asia-Pacific / the Middle East Euros 57.4m (up 5%, with organic growth of 9% offset by other factors).
The group's dedicated opinion research operating units performed especially well – organic growth of 35% does not include the performance of MORI – overall growth for this business line was 208%, to Euros 74.3m.
Ipsos says the 'relatively slow' nature of the upturn in September is likely to have a slight impact on its full-year performance, and that 2006 operating margin expressed as a percentage of revenue might be similar to that in 2005. These adjustments will not affect Ipsos' ability to reach its short-term targets for 2007, nor the longer-term goals recently announced for 2011.
The firm is online at www.ipsos.com .
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