Refile: BUZZ-Ipsos shares drop as Q3 growth disappoints, 2025 outlook cut

Ipsos SA

23/10/2025 10:00

Removes extraneous word from headline

** Shares in French market research firm Ipsos ISOS.PA fall 3.5% after Q3 results show slower organic growth and a cautious 2025 outlook

** Ipsos revised its 2025 organic growth forecast to +0.7% (from +1.3% previously), citing political instability and budget constraints that are delaying order intake

** Midcap believes the recent CEO change signals a technological shift, with new chief Laurent Poitou expected to accelerate the company's digital and AI transformation

** This move likely means a "very probable" rise in technology investments that will temporarily weigh on operating margins while new productivity tools are rolled out, broker said

** Midcap views this as a necessary "margin sacrifice for structural upgrade" to prevent Ipsos from becoming a traditional data provider with declining margins

** Shares are on track for its worst day since 26 August 2025 if losses hold

(Reporting by Jérôme Terroy)

((jerome.terroy@thomsonreuters.com))