Taylor Nelson Announces Growth

18 January 2002

Market research giant Taylor Nelson Sofres announced its underlying improvement in 2001 was marginally more than market growth (estimated at 5%), in a trading update released ahead of preliminary results on March 18.

All sectors registered improved performances, with a strong showing by its healthcare operations balancing a second-half fall in IT/telecoms. Its overall margin improvement, however, will end below targets of 0.5%, due in part to lower demand following September 11.

TNS added that all regions recorded rising turnover. Its European operations saw growth in underlying figures that beat the market average, with problems at British and French non-market information units compensated for by double-digit growth throughout the rest of the continent.

Its North and South American operations also recorded revenue growth, though economic chaos in Argentina will result in an additional £1.5 million charge. Meanwhile, healthy figures from Korea and Taiwan boosted results from Asia Pacific, making up for the end of a partnership in Japan.

News source: Daily Research News Online