Daily Research News Online no. 18715 - Ipsos Real-terms Revenue Flat

Ipsos Real-terms Revenue Flat

February 27 2014

Ipsos has reported a 4.3% decline in annual revenue to EUR 1.71bn, from EUR 1.79bn in 2012. The company blames the fall on exchange rates, its partial withdrawal from Eurozone countries like Greece and Portugal, and the sale of its Los Angeles-based film testing arm. Organic growth was 0.8%.

Ipsos Reports 4.3% Drop in Annual Revenue On a like-for-like basis, revenues were down 2.7% at the end of the first quarter, but they grew at a 'moderate pace' of 0.4% in the second quarter, and then at a faster rate of 1.8% and 1.6% respectively, in the third and fourth quarters.

By region, on a reported basis, revenue in Asia Pacific dropped 8.8% to EUR 284.6m, in EMEA 2.1% to EUR 752.2m, and in the Americas 4.7% to EUR 675.6m.

Consolidated revenues by region (in millions of euros)	2013	2012	Change 2013 / 2012	Organic Growth
Europe, Middle East and Africa	752.2	768.3	-2.1%	+1%
Americas	675.6	709.1	-4.7%	+1%
Asia-Pacific	284.6	312.1	-8.8%	0%
First-half revenues	1,712.4	1,789.5	-4.3%	+0.8%

By business line, only the Ipsos MediaCT media research business reported actual growth; up 0.7% to EUR 169.7m.

Consolidated revenues by business line (In millions of euros)	2013	2012	Change 2013 / 2012	Organic Growth
Advertising Research	274.5	283.9	-3.3%	-1%
Marketing Research	891.0	947.9	-6.0%	+1%
Media Research	169.7	168.5	+0.7%	+3%
Opinion & Social Research	152.0	157.8	-3.7%	-1%
Customer Relationship / Management Research	225.2	231.5	-2.7%	+0.5%
First-half revenues	1,712.4	1,789.5	-4.3%	+0.8%

Across the group, gross profit was down 4.3% to EUR 1.09bn, while operating profit rose 2.1% to EUR 182.1m.

Ipsos says there is no reason not to believe 2014 will be a year of 'relative calm'. In a statement, the firm said: 'Ipsos is going into 2014 with a clear vision of its future. We believe we are well placed to speed up our pace, to return to real growth, driven by a more open market, the expansion of new services, the confidence of our clients, the growth and commitment of our staff, and the continued creation of an operating infrastructure that will allow us to work better and quicker.'

Web site: www.ipsos.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.