Ipsos Q1 revenue up

The company posted revenue of €422.1m for the quarter, an organic growth of 2.4% compared to the same period last year.

Ipsos said its revenue was boosted by its purchase of social listening firm Synthesio and the integration of the four divisions of GfK Research’s custom research business, acquired in 2018.

Last year, the company’s Q1 reported revenue was down 8% due to the exchange rate effect. In the first quarter of this year, however, exchange rates resulted in a lift of 2.6%.

The Asia-Pacific region saw the strongest rate of organic growth, up 9.9% since Q1 2018, while Europe, Middle East and Africa grew by 0.7% and the Americas grew by 0.4%. The company grew faster in emerging economies than in its established markets.

Ipsos has not changed its full-year objectives to achieve organic growth of between 2% and 4% and an operating margin of 10%+.