Market information company, Taylor Nelson Sofres (TNS) has revealed that it expects to deliver underlying revenue growth of around 4% and improvement in adjusted operating margin of 25-50 basis points for the full year.
According to TNS’s trading statement, demand for syndicated services continues to grow steadily, while demand for custom research is more variable by both region and sector, reflecting broader economic trends.
In Europe, TNS enjoyed a much-improved performance in the second half of the year, with the UK returning modest growth for the year overall, while France and the rest of Europe delivered better than anticipated revenue performance in the second half.
Turning to the market research firm’s different sectors, Media, Healthcare, Automotive and Social and Polling all achieved very good levels of growth for the year, while Consumer, Technology and Business Services are expected to be broadly flat.
TNS estimates that its net debt at 31 December 2005 will be around £300 million, down from £329.5 million at the same period last year.
Looking towards 2006, TNS remains focussed on the development of both underlying revenue and operating margin, expecting to see improvement in both in the coming year.
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