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Ipsos Third Quarter Revenues Fall 3.9%
Ipsos has reported a 3.9% drop in revenues to €669.6m for the first three quarters of the year, and a 5.3% decrease in third quarter revenue to €221.8m.
By region, emerging markets delivered positive growth with organic growth of 2% over the first nine months of the year.
In Europe, revenues fell by 9.5% to EUR 311.4m for the first nine months of the year, compared with 13% growth to EUR 80.9m in Asia Pacific and the Middle East.
By business line, revenue generated by Media Research declined 8.5% to EUR 52.0m, while Ad Research fell 4% to EUR 144.9m and Marketing Research also dropped 4% to EUR 315.5m.
In a statement the firm said that Ipsos is well prepared for 2010, with the integration of a number of new companies which will strengthen the network and/or provide new areas of expertise, particularly in growth sectors such as digital marketing.
'2010 is likely to be a year of revenue growth, with recurring operating margin maintained at around 10%,' the firm stated. 'It is also likely to be a year when Ipsos will again outperform its market.'
Web site: www.ipsos.com .
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