Ipsos unveils positive financial results

PARIS - French research group Ipsos has increased its full-year revenues by 5.6% to €979.3m (£876.8m).

Ipsos claims that it grew at a faster pace than the overall growth in the research market, which was at 5%.

Ipsos said its organic growth reached 7.8% but currency exchange rates had a negative impact on growth. North American revenues dropped 1.5% in euro terms to €280.4m.

Growth in Europe was steady at 6%, producing revenues of €475.8m, but was strongest in Asia-Pacific, the Middle East and Latin America.

The company expects that 2009 will see the research market showing its resilience to the financial crisis.

Ipsos shares have risen 8% since the results announcement to €17.86.

The group will reveal its full annual results on March 18.

 

 

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