Market information group, Taylor Nelson Sofres (TNS), has announced an increase of 20.7% in full year profit for 2005, with strong growth in its syndicated research division offsetting a weak UK market.
Adjusted operating profit for the year rose by 9.5% year on year, reaching £112.6 million, up from £102.8 million, while the group’s adjusted operating margin was up by 11.3%.
Revenue for the year rose by 5.7% year on year, while adjusted earnings per share increased by 15.7% to 14.7p.
Commenting on the results, David Lowden, chief executive of TNS, said: “In 2005, TNS achieved strong underlying revenue growth across its syndicated services and most regions in its custom business. Although the performance of our US custom business was disappointing, we saw a return to growth in our UK custom business during the second half of the year.”
Lowden was confident about 2006, expecting it to “represent another year of progress in both underlying revenue and operating margin.”
He added: “In the longer term, I am confident that our new strategic focus and organisational structure will help us drive towards our goal of being recognised as market information’s global leader in delivering value added information and insights that make our clients more effective business decisions.”
TNS recently announced the appointment of Pedro Ros, as managing director of the group, with the role seeing Ros assume responsibility for the global account and specialist sector activities of the TNS custom business (see TNS Appoints New Managing Director).
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