Ipsos SA

IPS

Equity

ISIN FR0000073298 / Valor 821324

Euronext - Euronext Paris (2024-11-21)

EUR 44.20-0.41%

Ipsos SA
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About company

Ipsos SA is a global market research and consulting firm headquartered in France, founded by Didier Truchot. The company specializes in providing accurate, relevant information and insights to help clients make confident decisions. Ipsos operates across various sectors, offering services that encompass the collection, analysis, and interpretation of data regarding society, markets, and people. Utilizing advanced science, technology, and expert knowledge, Ipsos aims to deliver actionable truths through precise measurement and analysis. The firm emphasizes the importance of security, simplicity, speed, and substance in its methodologies to ensure clients can act swiftly and effectively. Ipsos serves a diverse range of clients, including businesses, governments, and institutions, assisting them in navigating the complexities of today's rapidly changing world.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Decline

In the first half of 2023, Ipsos SA reported a revenue of €1,087.1 million, which represents a 3.1% decline compared to the same period in 2022 when the revenue was €1,121.7 million. This decrease is attributed to the end of major pandemic monitoring contracts and a varied demand from major Tech customers.

Gross Margin Improvement

Despite the decline in revenue, Ipsos SA's gross margin improved to 67.7% in the first half of 2023, up from 65.9% in the same period last year. This increase is due to a change in the mix of data collection methods, a higher proportion of online surveys, and the company's ability to increase prices amidst ongoing inflation.

Operating Margin Decline

The operating margin for Ipsos SA in the first half of 2023 was 8.7%, down from 11.3% in the same period of 2022. This decline is primarily due to increased payroll and overhead costs, including a rise in IT and technology expenditures and travel expenses.

Net Profit Decrease

Ipsos SA's net profit attributable to the owner of the parent for the first half of 2023 was €56 million, a significant decrease from €85 million in the first half of 2022. The adjusted net profit also saw a decline, standing at €70 million compared to €98 million in the previous year.

Outlook for Second Half

Looking ahead, Ipsos SA expects a recovery in the second half of 2023, driven by a strong order book and a cautious approach to operating costs. The company maintains its guidance for organic growth of around 5% and an operating margin of approximately 13% for the full year, anticipating a rebound in business, particularly in the United States.

Summarized from source with an LLMView Source

Key figures

-11.7%1Y

7.41%3Y

68.1%5Y

Performance

26.6%1Y

27.9%3Y

32.0%5Y

Volatility