Taylor Nelson Sofres is claiming third place in the global market research agency league after reporting rising profits and revenues.
The London-headquartered group posted a 12.2% surge in 2002 pre-tax profits to £48.5 million ($77.8m; €70.2m) on a 6.2% revenue rise to £618.9m.
Boasted ceo Mike Kirkham: “In a year when our clients' marketing budgets were under severe pressure, TNS increased both profit before goodwill and turnover, to become the world's third largest information company in terms of revenue.”
Relegated to fourth spot is WPP’s Kantar Group. However, TNS remains some way behind the top twosome: AC Nielsen leads the pack with revenues of $2.6 billion, with IMS in second place at $1.4bn.
Taylor Nelson’s performance varied by region. Revenues fell 6.2% in Britain after it lost the BARB television audience measurement business and sank 1.2% in the US. However, there was a low single-digit percentage rise in continental Europe, while Asia Pacific leapt 17.6%.
Data sourced from: Financial Times; additional content by WARC staff