Notwithstanding the downturn in the US economy, global market research group Taylor Nelson Sofres “remains confident of achieving another year of satisfactory growth”, according to a pre-AGM statement released yesterday.

Said chairman Tony Cowling: “We are on track to achieve anticipated levels of overall revenue performance for 2001, with organic growth slightly ahead of the market and recent acquisitions performing well.”

TNS expects the global market to grow by 6%-8% during the course of 2001, fuelled by expansion in developing markets where growth rates outstrip those of Western Europe and the US.

“As 2001 has progressed, these trends have accelerated in certain areas and are reflected in our own performance,” Cowling said

News source: CampaignLive (UK)