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Ipsos Reports 'Slight Improvement' in Third Quarter
Ipsos has reported third quarter revenue of EUR 412.7m, representing marginal organic growth (0.2%) year-on-year. The decline in reported figures slowed to 1.4%.
The figures are an improvement on the second quarter, when the firm reported organic contraction of -1.1% and a drop of 7.1% in reported figures, mostly down to currency effects.
Consolidated
revenues
(In millions of Euros) |
2014 |
2013 |
2012 |
Total growth for the period 2014/2013 |
Organic growth for the period 2014/2013
|
|
First quarter
|
343.3
|
359.6
|
379.9
|
-4.5%
|
1.5%
|
|
Second quarter
|
412.7
|
444.1
|
457.1
|
-7.1%
|
-1.1%
|
|
Third quarter
|
412.7
|
418.6
|
440.5
|
-1.4%
|
0.2%
|
Total for the
period from
1 January to
30 September
|
1,168.7
|
1,222.3
|
1,277.5
|
-4.4%
|
0.1%
|
|
Fourth quarter
|
-
|
490.1
|
512.0
|
-
|
-
|
| Full year |
-
|
1,712.4
|
1,789.5
|
-
|
-
|
|
By Geographical Area
With the onset of recovery in the Americas region, Ipsos said business had been 'virtually stable' over the last quarter, after organic contraction of 2.5% during the first six months of the year. In Asia, China continued to improve, while developed countries in the region (Japan/South Korea/Australia) were 'less robust'. In Europe, the North - including the UK - held up better than the South, while the East declined slightly. Meanwhile, the Middle East and Africa continued to move in a positive direction.
In total, Ipsos carried out 35% of its business in emerging countries, where it saw its business increase by 5.2%, almost exactly offsetting the 2.6% decline in business (at constant exchange rates) seen in developed countries.
Consolidated revenues by geographic area
(In millions of Euros)
|
2014
(9 months)
|
2013
(9 months)
|
2012
(9 months)
|
Change
2014/2013 |
Organic growth
(9 months) |
Europe, Middle East
and Africa |
539.1
|
541.1
|
554.0
|
-0.4%
|
1%
|
| Americas |
438.3
|
482.8
|
507.3
|
-9.2%
|
-1.5%
|
| Asia-Pacific |
191.3
|
198.4
|
216.2
|
-3.6%
|
2%
|
| Total for the period from 1 January to 30 September |
1,168.7
|
1,222.3
|
1,277.5
|
-4.4%
|
0.1%
|
|
By Business Line
All business lines saw a decline in reported figures during the quarter, with revenues in the MediaCT division falling by 8.8% to EUR 110.6m from EUR 121.2m in Q3 2013. Over the 9 months to date, all lines except Opinion & Social Research have seen declines in reported figures.
Consolidated
revenues
by business line
(In millions of euros) |
2014
(9 months) |
2013
(9 months) |
2012
(9 months)
|
Change
2014/2013
|
Organic growth
(9 months) |
| Advertising Research |
183.5
|
199.0
|
210.1
|
-7.8%
|
0
|
| Marketing Research |
601.8
|
628.7
|
640.7
|
-4.3% |
-0.5%
|
|
Media, Content & Technology Research
|
110.6
|
121.2
|
137.1
|
-8.8%
|
-4.5%
|
| Opinion & Social Research |
114.1
|
112.2
|
121.3
|
1.6%
|
4%
|
Customer and Employee
Relationship Management Research |
158.8
|
161.2
|
168.3
|
-1.5%
|
3.5%
|
Total for the period
from 1 January to
30 September |
1,168.7
|
1,222.3
|
1,277.5
|
-4.4%
|
0.1%
|
|
2014 Outlook
In a statement, Ipsos said it remains 'fundamentally optimistic' about its position, adding that it is working on the final development of new and existing services, which it is counting on to regain growth momentum.
Web site: www.ipsos.com .
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