NEWS3 November 2010

GfK reports nine-month sales up 11% to €931m

Europe Financials

GERMANY— GfK can’t contain its excitement – the research group has reported nine-month sales up 10.8% to €931m ahead of its official results announcement later this month.

Full results are due on 15 November, but the firm published headline figures this week including organic sales growth of 7.4%, a 33.6% rise in adjusted operating income to €120m and an improved margin of 12.9% versus 10.7% last year.

GfK’s performance is in line with that of rivals Ipsos and WPP, who released their third quarter figures last month.