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Home arrow Marketing Research News arrow Company News and Announcements July-December 2007 arrow Investment In Added Value Starts To Pay Off For TNS
Investment In Added Value Starts To Pay Off For TNS PDF Print E-mail
Written by TNS   
04 Sep 2007

Author: Robert Bain
 

First half results show return to growth for US custom business

September 3rd 2007 - UK

TNS chief exec David Lowden
TNS has reported organic growth of 5.9% and a return to growth for its troubled US custom business in the first half of 2007.

Revenue was £497.4m, up from £480.5m last year. Adjusted operating profit was £45.4m, up 8.9%, and adjusted operating margin was 9.1%.

Chief executive David Lowden said: “Effective implementation of our strategy has delivered a good performance.”

Lowden told investors that momentum was good, and that it would be “reasonable to expect” growth of more than 5% for the second half. Full-year underlying revenue growth – with the effects of acquisitions and currency changes excluded – is on course to exceed last year, and adjusted operating margin is set to improve, he said.

North American revenue fell slightly again, but underlying growth was 4.5% and the US custom business grew by approximately 3.5%. Underlying growth in the UK was 8.2%, outperforming the flat UK market.

Lowden told investors that the firm’s strategy of positioning itself as an ‘added value’ provider in the US and the UK was proving successful, and that incremental investments in the US were delivering the right results. He said: “We should be looking for faster growth as those investments really start to come home.”

Growth in the first half for the new Asia Pacific, Latin America, Middle East and Africa region was 9%.

 

(See article in original context)

Last Updated ( 01 Jan 2009 )
 
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