Q2 Revenue Growth and Profit Jump for NIQ

Global consumer intelligence firm NIQ has announced second quarter organic constant currency revenue growth of 5.7%, beating its earlier forecast. Total revenue was $1.041bn, while adjusted EBITDA grew 15.7% to $214.9m.

Since the end of the quarter the firm has completed an IPO, and this week it announced it had refinanced its debt, reducing its interest payments by nearly $100m per year.

The company says it expects 5.2% - 5.4% organic constant currency revenue growth for the full year, and adjusted EBITDA margin around 21%.

Executive Chairman and CEO Jim Peck (pictured) says of the figures: 'Q2 was our latest in a series of strong quarters of revenue growth and margin expansion. Following our transformation, we are excited to enter the public markets. We believe we are well-positioned to deliver significant shareholder value in the years to come.' CFO Mike Burwell adds: 'Building upon our strong Q2 results, since quarter-end, we have significantly improved our capital structure through our IPO and debt refinancing. Our guidance calls for continued revenue growth and margin expansion, as well as significant free cash flow generation in the second half of 2025.'

Web site: www.niq.com .

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