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Armful of Awards for Confident TNS
TNS enjoyed a record-breaking night at last week's Marketing Research Effectiveness Awards, winning six awards and four commendations in the UK-based competition. The agency also issued a confident trading update last week.
The ceremony, sponsored by Marketing magazine, was held at London's Dorchester Hotel. The awards and commendations received are:
| Category | Client | Award | | Media | BBC | Winner | | Financial | Barclays | Winner | | Retail | Comet | Winner | | Telecoms & IT | Sony Ericsson | Winner | | Travel, Leisure & Entertainment | Scottish FA | Winner | | International | Sony Ericsson | Winner | | | | | Brand / Advertising Research | Scottish Executive | Commended | | FMCG | Heinz | Commended | | New Product Development | Barclays | Commended | | Government, Public Services & Social | Scottish Executive | Commended |
UK MD Stephen Factor commented: 'Our success at this year's awards is testament to the quality, scale and scope of research TNS undertakes. The wins span a wide range of sectors and demonstrate the strength of the TNS offer across the board... The awards serve as recognition that our added value approach is delivering tangible benefits to our clients and reinforces our commitment to the consultative approach we have adopted'.
TNS also issued a trading update last week, ahead of its interim results announcement on 6 September 2004. Growth is said to be in line with the group's expectations of 3-4% for the year as a whole. Underlying growth is 'satisfactory' in both The European market and the Americas for the first half of 2004, when compared with the same period in 2003. Markets in Asia Pacific continue to be buoyant and should see strong underlying growth in the first half for the group.
The update says that Consumer and IT/Telecoms sectors have shown good underlying growth, while 'Media Intelligence has delivered a better performance year on year as has the Healthcare sector, which is being restructured into one global operation. Despite soft market conditions, Business Services appears to be stabilising'.
Operating margin has improved with cost synergies resulting from the merger with NFO being realised. The group is 'on track to increase full year reported operating margin before goodwill and integration costs by 50-100bp'.
Chief Executive Mike Kirkham says the company is 'encouraged by the improvement in market conditions over 2003 and by our order book... We are progressing with the integration in Europe and the initiatives we are taking in 2004 will provide a strong foundation from which the group will be able to meet its objective of growing turnover ahead of the market in future years'.
The company's web site is at www.tns-global.com
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