The latest revenue figures were up from the same period in 2024, with the first quarter of that year seeing revenue hit €557.5m.

But organic growth was down 1.8%, and fell 6% in Asia-Pacific, which Ipsos put down to a lack of economic recovery in China and a slowdown in activity with some major international clients.

The Europe, Middle East and Africa region had total growth of 6.1%, which Ipsos said was led by the firm’s acquisition of Infas in Germany earlier this year, but organic growth dropped marginally by 0.3%.

The company also noted a 1.7% organic decline in activity in the Americas, particularly its public affairs work in the US due to the uncertain political context in the country.

However, Ipsos said that the recent changes to US tariff policy had not had a significant impact on the business’ activity at this stage, albeit adding that “the global political and economic context calls for caution”.

Ipsos added that its financial targets for 2025 consisted of organic growth exceeding 2024 and an operating margin of around 13%, excluding the impact of acquisitions during the year.

Ben Page, chief executive at Ipsos, said: “The first quarter results are in line with our expectations, which anticipate a gradual recovery in activity over the year considering the comparison basis and as the measures taken by the new management team in the US bear fruit.

“However, the environment remains very volatile and calls for caution.”