NEWS6 December 2021

Kantar increases Q3 revenues

Financials News UK

UK – Revenues at Kantar rose 11% year-on-year in the third quarter of 2021, the company latest financial results show.

Financial data abstract

The financial results covering the three months to the end of September 2021 show an 11% jump in revenue on the same period in 2020 to $2.68bn.

Gross margin at Kantar rose 13% Gross margin increased by 13% year-on-year to $1.82bn from $1.62bn in 2020, which the company put down to greater efficiencies and automation.

The results left Kantar with an operating profit of $74m for the quarter, significantly better than the $142m operating loss registered in the same period the previous year.

The results follows the recent acquisition of Numerator in July 2021 and sales of its health division in April 2021 – which was completed in November – and Reputation Intelligence, which is due to complete early next year.

Chris Jansen, chief executive at Kantar, said: “The team made great progress on key transformation initiatives, while simultaneously staying focused on maintaining our business momentum.

“For the final quarter of the year we are seeing inconsistent macro-economic conditions as the world economy continues to stabilise. While we are still generating growth, the uncertainty derived from these conditions is causing some within our client base to revisit the pace of their short-term investments.”

@RESEARCH LIVE

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