Updates with details on currency effect, region revenue, Middle East comments in bullet points
April 16 - French market research company Ipsos ISOS.PA 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.
Ipsos said in a statement the euro's appreciation against the U.S. dollar "very strongly impacted" its quarterly revenue
Revenue grew 0.1% in EMEA, Ipsos' main market, constrained by the group's exit from Russia which represented 4% of its overall revenue
EMEA performance was also impacted by a 4.4% decrease in revenue from the Middle East, which represents 3% of the group's total
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
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)
((leo.marchandon@thomsonreuters.com))