April 16 - French market research company Ipsos on Thursday confirmed its outlook as it reported a 1.4% drop in organic first-quarter revenue, which was impacted by unfavourable foreign exchange effects.
Revenue amounted to 555 million euros ($653.57 million) over the period. Ipsos confirmed its guidance of 2% to 3% organic growth in 2026.
o Ipsos said in a statement the euro's appreciation against the U.S. dollar "very strongly impacted" its quarterly revenue
o Revenue grew 0.1% in EMEA, Ipsos' main market, constrained by the group's exit from Russia which represented 4% of its overall revenue
o EMEA performance was also impacted by a 4.4% decrease in revenue from the Middle East, which represents 3% of the group's total
o The company noted a localised slowdown in the Middle East but stated it had not observed significant order cancellations or delays linked to the ongoing war
o Ipsos' revenue in the Americas, its second biggest market, decreased 4.1% organically despite a positive order book at the end of March
($1 = 0.8492 euros)
(Reporting by Leo Marchandon in Gdansk. Editing by Jane Merriman)
