Market research firm, Taylor Nelson Sofres (TNS) is expected to reveal a modest rise in full-year profit in a trading statement, with a recovery in the second half of 2005 offsetting weak trading in the UK and North American markets.
The final quarter of 2005 showed some signs of improvement in the overall market research industry, with better than expected results from rival companies, Ipsos and WPP, despite European companies appearing to cut back on more expensive customised research, such as consumer panels.
According to Patrick Kirby, research analyst at Deutsche Bank, TNS needs to have shown 5.5% growth in the second half of 2005 in order to show signs of recovery.
Earlier this year, TNS reported an increase in pre-tax profit for the six months to June 30, rising to £35.9 million from £32.4 million compared to the same time last year (see TNS Reports Profit Of £35.9 Million For First Half Of 2005).
Revenues for the group were shown to have enjoyed a year on year increase of 3.1% reaching £460 million, up from £446 million, while interim dividend also grew, rising by 13.6% to 1.25 pence per share from 1.1 pence a year earlier.
Related Links
