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Strong First Half Results at Ipsos | October 12 2001 |
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French agency Ipsos has reported strong first half results with revenues up 64% and net income up a considerable 106% as well as an improvement in operational profitability. In the first half of the current financial year, consolidated revenues for the Paris-based group rose to Euros 216.9 million, up 64% from the same period last year. Much of this increase can be attributed to recent key acquisitions and to the stability of strong organic growth (up 9.9% year-over year). Each of Ipsos's key sectors of activity and regions witnessed significant growth during the period. Ipsos' geographic activity is now more balanced than ever before between Europe and North America, with these areas respectively accounting for 45% and 41% of total revenues. This mainly results from the integration of Ipsos-Reid activities starting on July 1st, 2000 and those of Ipsos-NPD starting on January 1st, 2001. Operating profit outpaced revenues at Euros 13.9 million, up 91% over the first half of 2000, and now represents 6.4% of revenues compared with 5.5% for the same period last year. On the strength of these first half results, Ipsos group has reconfirmed its revenues and operating margin targets initially announced for 2001: ie. revenues close to Euros 500 million and an operating margin of 8%. Simple printable version of this article. Email this article to a friend.
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