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ToLuna Expects to Treble Revenue
A trading statement from online panel firm ToLuna suggests sales and operating profits for 2006 will beat market expectations. The firm anticipates turnover of not less than £8.3m, almost trebling versus a pro forma £3.0m for 2005.
ToLuna says operating margins improved during the year to c.25% from 21.4% pro forma in 2005, and that its panel size grew significantly from 729,000 to 1.3 million members in the year ended 31 December 2006. Its client base has more than doubled to 246, while repeat business accounted for more than 70% of total revenue.
CEO Frederic-Charles Petit comments: 'We are delighted with the recent acceleration in revenues and the significant increase in operating margins. We believe that our technology offering, together with the community element of our panel, is delivering exceptional results in a fast growing market place. We are excited by our immediate and longer term prospects'.
Toluna, which was admitted to trading on the AIM Market in May 2005, has offices in London, Frankfurt, Paris and New York and is online at www.tolunapro.com .
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