Steady Start to the Year for GfK

GfK has reported first quarter sales of EUR 362.5m, an 8.2% rise of which 6.8% is the result of currency effects, and just 1.3% is organic growth. However, operating income and margins were up.

During the quarter, adjusted operating income was EUR 27.3m, up from 15.7% in the same period in 2014. Margin rose to 7.5% from 7.0% the previous year.

Reported sales rose by 11.0% to EUR 157.1m in the Consumer Choices segment, but only by 6.3% to EUR 204.6m in the Consumer Experiences division. All regions except Northern Europe grew in organic terms, with 'strong' organic growth achieved in Asia and the Pacific, Latin America and North America.

CEO Matthias Hartmann (pictured) comments: 'We are off to a satisfying start in 2015. We had good growth in the high-margin Consumer Choices sector and have stabilized the Consumer Experiences sector. At the same time, we were able to improve the group's margin.'

For 2015, GfK expects 'moderate organic growth' and a margin between 12.4% and 12.8%.

Web site: www.gfk.com .

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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