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Ipsos: Slowdown in activity in a more difficult business climate

Slowdown in activity in a more difficult business climate

Paris, October 24, 2024 - Ipsos, one of the world's leading market research companies, achieved a revenue of 591 million euros in the third quarter, with a growth of 0.5%, including -0.1% organic growth, 2.8% from acquisitions, and -2.2% from currency effects. Over the first nine months of the year, revenue amounted to 1,730 million euros, up by 3.3%, including 2.4% organic growth. Performance has been mixed across different markets and hampered by an uncertain macroeconomic and geopolitical context.

Ben Page, CEO of Ipsos, stated: "Despite the slowdown in growth, we remain confident in the robustness of our operational model and continue to invest in future technologies and Artificial Intelligence. The improvement in gross margin and effective management of our operating costs allow us to maintain, for the fourth consecutive year, our operating margin target of around 13%."

PERFORMANCE BY QUARTER

 

2024 vs. 2023

In millions of euros

2024 Revenue

Total growth

OrganicGrowth

1st quarter

557.5

4.8 %

4.5 %

2nd quarter

581.0

4.7 %

3.1 %

3rd quarter

591.0

0.5 %

-0.1 %

Revenue

1 729.6

3.3 %

2.4 %

PERFORMANCE BY REGION

In millions of euros

2024 9 months revenue

Contribution

Q3 Organic growth

Organic growth over 9 months

EMEA

793.1

46 %

4.9 %