Ipsos: targets over 10% sales growth in 2019
(CercleFinance.com) - Ipsos' FY 2018 revenues came in at 1,749.
5 million euros, down 1.7% at current exchange rates and consolidation scope.
At constant exchange rates and consolidation scope, growth reached +0.7%.
For Q4 2018 alone, sales reached 535.6 million euros, up 4.5% y--o-y. At constant exchange rates and consolidation scope, sales were flat.
Net income, group share, reached 107.5 million euros, compared 128.5 million euros in 2017. Adjusted net income, group share, amounted to 125.2 million euros, down 1.7%.
Management said that in 2019, Ipsos should report sales at constant exchange rates that are up by over 10%. Meanwhile, organic growth is expected to be between 2% and 4%, providing that macroeconomic and political conditions do not deteriorate. The group's operating margin will be higher than in 2018.
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