Continuing Growth at Ipsos

Ipsos' consolidated revenues in the first nine months of 2002 have been reported at EUR373.6 million, representing growth of 12.2% on the same period of 2001 and organic growth of 7.8%.

In the third quarter of 2002, revenues totalled EUR129.1 million, an increase of 11.4% with respect to Q3 2001 and representing organic growth of 8.0%.

Movements in the dollar and other currencies against the euro have affected Ipsos' revenue growth. At constant exchange rates, revenue growth was 16.9% in the first nine months of 2002 and 20.1% in Q3.

Ipsos' third-quarter performance was in line with its previous trend. The company is continuing to grow in most of its business areas, and is expanding in North and Latin America. In Europe, Ipsos has returned to growth, and full-year revenues will show a slight increase on 2001.

On the basis of these results, senior officials at Ipsos have confirmed the company's stated targets for 2002. These include:

• organic growth of at least 8%, well above the market rate and that achieved by Ipsos' main rivals
  
• an improvement in operating margin.

Ipsos' five-pronged strategy of building a global network with powerful positions in key countries, specialising in survey-based studies, operating along clearly defined business lines, integrating newly acquired companies and winning market share among major international clients, should enable Ipsos to grow at least as quickly in 2003 as it has in 2002, and to achieve its sixth consecutive annual increase in operating margin. In particular, despite the likelihood of a tough economic environment in 2003, Ipsos should improve its performance in Europe, where it has made major efforts in the last few months, and continue its rapid growth in North and Latin America. Ipsos should also see an improvement in Asia, where it has recently strengthened its position.

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

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