NEWS31 October 2022

Revenue growth for Ipsos despite ‘economic uncertainties’

Europe Financials News

FRANCE – Ipsos grew its revenue by 13.4% in the first nine months of 2022, according to its latest financial results.

Ben Page

The company has posted revenue of €1.7m during the first three quarters of the year – organic growth of 6.3%, excluding the temporary net positive impact of Covid-19-related contracts maintained until March.

Total revenue growth in the third quarter was 14.3%, of which 5.3% was organic. 

Europe, Middle East and Africa (Emea) was the strongest performing region for Ipsos between the start of the year and the end of September, accounting for 43% of the company’s revenue, but saw no organic growth compared with 2021 ( 1.6% total growth). In its results statement, the company noted the consequence of the war in Ukraine, combined with the end of Covid-19 contracts.

The Americas contributed 39% of the company’s revenue in the first nine months of the year, with organic growth of 14%, while revenues from the Asia-Pacific region grew by 10%.

Ipsos has experienced the most growth in its consumer-facing segments ( 12.5% compared with 2021 ), particularly in service lines focusing on measuring brands’ growth and expression, while work with citizens has fallen back in 2022 after large scale Covid-19 testing programmes during 2020 and 2021.  

The company said in its results notice: “As the business prepares for 2023, we are in a good place. Our order book at the end of September for 2023 is up by 8% compared to last year.

“Despite current economic uncertainties, we are confident on our ability to deliver the 2022-25 growth plan launched in June this year, considering our large geographic spread and the diversity of sectors we serve.”

Pictured: Ben Page, chief executive, Ipsos, speaking at MRS Impact conference 2020