Ipsos - now the world's third largest market research company - has reported organic growth of 6.0% for the first nine months of the year, with revenue rising to EUR 845.8m. Growth slowed slightly in the third quarter and the firm is hunkering down for tough economic times ahead.
Reported 9-month growth was 4.1%, with currency effects off-setting organic growth. Third quarter revenue of EUR 287.6m represented a rise of 5.4% at constant scope and exchange rates, down from 6.2% in Q1 and 6.4% in Q2, which the firm says reflects 'a stabilisation in corporate research spending' as well as a very good third quarter in 2010.
Ipsos completed its £528.8m acquisition of Synovate just two weeks ago and none of the latter's figures are included in these accounts.
Today's results show a strong performance in emerging markets, which produced organic revenue growth of 15% and now constitute over a third of Ipsos' revenue - the Synovate buy should increase this further. Organic growth in developed countries was only 2%.
Looking at the firm's three regions, which overlap with the developed / emerging split, organic growth in EMEA was 3% (revenue EUR 370.7m), in the Americas 6.5% (EUR EUR 370.4m), and in Asia-Pacific 17% (EUR 104.7m).
Consolidated revenues by geographic area in millions of euros | 2011 (9 months) | 2010 (9 months) | Change 2011/2010 | Organic growth |
Europe, Middle East, Africa | 370.7 | 362.4 | +2% | +3% |
Americas | 370.4 | 361.6 | +2.5% | +6.5% |
Asia-Pacific | 104.7 | 88.5 | +18% | +17% |
9-month total (at 30 September) | 845.8 | 812.5 | +4.1% | +6.0% |
Consolidated revenues by specialisation in millions of euros | 2011 (9 months) | 2010 (9 months) | Change 2011/2010 | Organic growth |
Advertising Research | 182.1 | 180.8 | +1% | +3% |
Marketing Research | 381.1 | 374.4 | +2% | +7% |
Media Research | 100.0 | 81.4 | +23% | +12% |
Opinion & Social Research | 89.6 | 96.2 | -7% | -6% |
Customer Relationship Management Research | 93.0 | 79.7 | +17% | +17% |
9-month total (at 30 September) | 845.8 | 812.5 | +4.1% | +6.0% |
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.
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