Ipsos grows revenue by 12.3% in Q3

Ipsos said it had revenue of €526.3m for the third quarter of 2021, which was up 12.3% on the same period in 2020.

The results show that Ipsos had a growth rate of 11.4% compared with the same period in 2020, and had grown 8.5% compared with the third quarter of 2019.

Europe, Middle East and Africa was the best performing region, having growth over the first nine months of 2021 of 24.5% compared with the same period in 2020 and 21.9% compared with 2019.

The Americas saw a rise of 25.5% for January to September 2019 compared with 2020, although this fell to 7.3% in the region when compared to 2019.

Growth in Asia-Pacific for the first nine months of 2021 was a reduction of 1.6% compared with 2019, albeit a 19% rise on 2020.

The net debt ratio at 30th September 2021 was 20%, down from 31% at 31st December 2020, while the results show the company had good liquidity with €310m in cash and €400m in undrawn bank facilities.

The results follow Ipsos’ recent acquisition of New Zealand-based market research software business Infotools, which was completed in September.

Ben Page (pictured) will become Ipsos’ new chief executive in November, succeeding Didier Truchot.