NEWS11 July 2013

BrainJuicer gets growth in first half of 2013

Financials UK

UK — Online market researcher BrainJuicer Group saw sales up by 4% in the first half of 2013 according to a filing to the London Stock Exchange.

After a difficult end to 2012, BrainJuicer said it looked to be back into growth with sales up some 4%, gross profit up approximately 6%, and Juicy products continuing to make up most of the company’s revenue at 66% of revenue.

Revenue grew strongly in its two biggest markets, the UK and the US and in one of BrainJuicer’s newer markets, Brazil, but declined in Continental Europe and China.

At the end of June, the company held a cash balance of £5.5m, up from end-December 2012 figure of £3.8m with no debt.

In a statement, the company said: “The strong measures taken by management in the latter part of 2012 meant overheads in H1 were below those in the comparable period. For the year as a whole we continue to project cost growth (before bonus payments) in low single digits.”