Information  X 
Enter a valid email address

Taylor Nelson Sofres (TNS)

  Print      Mail a friend       Annual reports

Friday 09 July, 2004

Taylor Nelson Sofres

Trading Update

Taylor Nelson Sofres PLC
09 July 2004

                                                                     9 July 2004

Taylor Nelson Sofres plc

                                 Trading update

Taylor Nelson Sofres plc (TNS), a world leader in market information, issues the
following trading update ahead of its interim results announcement on 6
September 2004.

In summary:

  • Confidence in achieving expected levels of turnover growth in 2004
    supported by order book
  • On-track to deliver anticipated improvement in operating margin in 2004
  • Integration cost synergies being realised


The markets in which TNS operates have generally improved over the previous year
in line with the group's expectations of 3-4 per cent growth for the year as a

The European market has been improving, although conditions within the region
have been mixed, and markets in the Americas are recovering.  As expected, TNS
has shown satisfactory underlying growth in both regions for the first half,
when compared with the same period in 2003.  Markets in Asia Pacific continue to
be buoyant and the group should deliver strong underlying growth in that region
for the first half.

On a sector basis, Consumer and IT/Telecoms have shown good underlying growth.
Media Intelligence has delivered a better performance year on year as has the
Healthcare sector, which is being restructured into one global operation.
Despite soft market conditions, Business Services appears to be stabilising.

TNS underlying turnover growth for the first half is expected to be broadly in
line with the anticipated level of growth for the market in 2004.  Reported
turnover and operating profit will show a significant increase following the
inclusion of NFO, which was acquired on
10 July 2003, but will be impacted as anticipated by the weakness in the dollar
and euro.

Operating margin

The group has shown improvement in operating margin for the first half.
Operating cost synergies resulting from the merger with NFO are being realised
and the group is on track to increase full year reported operating margin before
goodwill and integration costs by


Chief Executive Mike Kirkham said, "Our view remains that the overall market
will grow by
3-4 per cent in 2004.  Encouraged by the improvement in market conditions over
2003 and by our order book, we remain confident that the group will achieve
underlying turnover growth broadly in line with the market for the year as a
whole.  We are progressing with the integration in Europe and the initiatives we
are taking in 2004 will provide a strong foundation from which the group will be
able to meet its objective of growing turnover ahead of the market in future

For further information, please contact:

Andy Boland, Finance Director                            +44 (0)20 8967 1472

Janis Parks, Head of Investor Relations                  +44 (0)20 8967 1584

Margaret George, Citigate Dewe Rogerson                  +44 (0)20 7638 9571

Email to:

Note to editors

About TNS

TNS is one of the world's leading market information groups.  We provide market
measurement, analysis and insight through our global network of operating
companies in 70 countries.  Working with national and multi-national
organisations, we help our clients to develop effective business strategies and
enhance relationships with their customers.  In July 2003, the group completed
the acquisition of NFO WorldGroup, Inc.  Further information on TNS can be found

                      This information is provided by RNS
            The company news service from the London Stock Exchange