Taylor Nelson Sofres PLC
11 January 2008
11 January 2008
Taylor Nelson Sofres plc
Taylor Nelson Sofres plc (TNS), a world leader in market information, today
issues the following trading update ahead of reporting full year results on 3
• Good performance across the group in 2007, with growth in all regions
• Underlying revenue growth for the group overall is expected to be over 5
• Adjusted operating margin improvement expected to be towards top end of
25-50 basis points guidance range
• Good levels of new business activity going into 2008
Europe: The region achieved good underlying revenue growth for the year.
Performance in the UK was good against a flat market and underlying revenue
growth in France was steady. The Rest of Europe performed very well, with strong
growth in Russia and Eastern Europe.
North America: The North America region returned to growth in 2007. In a year of
stabilisation for US custom, that business continued to make encouraging
progress and recorded a positive revenue performance for the year.
Asia Pacific, Latin America, Middle East and Africa (ALM): Underlying growth in
the ALM region was again strong in most markets.
Sectors: The Consumer sector was steady, with good growth in global accounts.
Underlying growth in all other sectors was good, with Media, Healthcare and
Automotive (included in Other) particularly strong.
Restructuring costs for the year are expected to be around £7 million, £3
million higher than anticipated, which includes additional costs related to the
reorganisation of TNS Media Intelligence and TNS iTRAM into a combined business
unit; part of the group's strategy to take advantage of growth opportunities
arising from developments in digital media.
Share buy-back and net debt
The group completed its programme to repurchase £100 million of its own shares
in December 2007. In 2007, the group repurchased 28.4 million of its own shares
for a value of £65.4 million. After acquisition spend of around £40 million, net
debt at 31 December 2007 is expected to be around £355 million.
Although the macro economic outlook for 2008 is uncertain, levels of new
business activity going into the year are good. It is anticipated that growth in
syndicated services will continue to be healthy. In custom research, it is
expected that continued growth will be achieved in Europe and North America,
with ALM expected to be particularly strong.
The group expects to continue to deliver against its strategic objectives and
is, therefore, confident that 2008 will represent another year of progress.
A conference call with Andy Boland, Finance Director, will be held at 08.30 on
Friday 11 January:
UK dial in: 0845 245 500
International dial in: +44 (0) 1452 562 716
Conference ID: 29985346
Thereafter a replay of the call will be available as follows:
UK dial in: 0845 245 5205
International dial in: +44 (0) 1452 55 00 00
Replay access number: 29985346
An audio file of the call will also be made available from the investor section
of the TNS website.
Acquisition of MediaWatch Limited
TNS has also today announced the acquisition of MediaWatch Limited, the leading
media intelligence provider in the Republic of Ireland.
For further information, please contact:
Janis Parks, Head of Investor Relations +44 (0)20 8967 1584
Joel Beckman, IR Director +44 (0)20 8967 1384
Pam Small/Ash Spiegelberg, Brunswick +44 (0)20 7404 5959
TNS is a global market insight and information group.
Our strategic goal is to be recognised as the global leader in delivering
value-added information and insights that help our clients to make more
As industry thought leaders, our people deliver innovative thinking and
excellent service to global organisations and local clients worldwide. We work
in partnership with our clients, meeting their needs for high-quality
information, analysis and foresight across our network of over 70 countries.
We are the world's foremost provider of custom research and analysis, combining
in-depth industry sector understanding with world-class expertise in the areas
of Retail and Shopper Insights, Stakeholder Management, New Product Development,
and Brand and Communications. We are a major supplier of consumer panel, media
intelligence and internet, TV and radio audience measurement services.
TNS is the sixth sense of business.
This information is provided by RNS
The company news service from the London Stock Exchange