Ipsos: growth target lowered for 2024

(CercleFinance.com) - Ipsos anticipates Q3 sales of E591m, up 0.
5%, including -0.1% organic growth, giving growth for the first 9m of the year of 3.3%, including 2.4% organic.

As this organic growth is below expectations and does not offer any prospect of a significant rebound between now and the end of the year, the market research group has revised its annual organic growth target to around 1%.

However, gross margin growth of nearly 5% since the beginning of the year, combined with sound financial discipline, will enable Ipsos to continue investing, while maintaining its annual operating margin target of around 13%.


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