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Ipsos Revenue Levels Off in Q2
Following a 2.7% fall in first quarter revenue, Ipsos has reported a 0.4% rise in its second quarter figures. However, negative currency effects meant that total first half 2013 revenues fell by 4% to EUR 803.7m.
Performance by region
Second quarter sales improved strongly in Europe, the Middle East and Africa, and in the Americas. However, the business remained 'sluggish' in the Asia-Pacific region, which Ipsos says reflects the 'snags' encountered in the Ipsos/Synovate integration process - a region where the firm's size doubled following the acquisition.
Consolidated revenues
by region
(in millions of euros)
|
1st half
2013
|
1st half 2012
|
Change
2013
/ 2012 |
Organic Growth
|
| Europe, Middle East and Africa |
359.5 |
371.0 |
-3.1% |
-1.0% |
| Americas |
314.9 |
323.1 |
-2.5% |
+0.8% |
| Asia-Pacific |
129.3 |
142.9 |
-9.5% |
-5.0% |
| First-half revenues |
803.7 |
837.0 |
-4.0% |
-0.95% |
|
Revenues by business line
Ipsos Marketing swung from a drop of 3.5% in the first quarter to almost flat in the second, while at Ipsos MediaCT growth was 3% in the first half. In the Opinion & Social Research division, revenue fell 7.5% during the first half, but Ipsos says things are about to improve, following several large-scale contract wins in the last weeks of the period.
Consolidated revenues by business line
(In millions of euros) |
1st half
2013 |
1st
half
2012 |
Change
2013
/ 2012 |
Organic
Growth
|
| Advertising Research |
131.6 |
136.5 |
-3.6% |
-1.0% |
| Marketing Research |
420.2 |
427.6 |
-1.7% |
-0.45% |
| Media Research |
79.2 |
86.4 |
-8.4% |
+3.0% |
| Opinion & Social Research |
70.0 |
80.6 |
-13.2% |
-7.5% |
Customer Relationship /
Management Research
|
102.7 |
105.8 |
-3.0% |
-1.5% |
| First-half
revenues |
803.7 |
837.0 |
-4.0% |
-0.95% |
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With regard to the remainder of the year, Deputy CEO and group CFO Laurence Stoclet comments: 'It is very likely that Ipsos' revenue will show a significant increase in the second half of 2013. Overall, Ipsos should resume organic growth despite the uncertain macroeconomic situation and constrained market, with our performance gradually improving each quarter.'
In today's financial statement, Ipsos also referred to its legal dispute with former Synovate parent Aegis, over claims that the marcoms giant failed to disclose tax and fraud probes at Synovate, before it sold the company for £525m ($792m). As a result, Ipsos is seeking up to £65.8m ($100m) in compensation from Aegis. Stoclet said that the suit had been filed 'to make sure the company's rights and interests are respected'. Aegis denies the allegations.
Web site: www.ipsos.com .
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