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Taylor Nelson Sofres (TNS)

  Print      Mail a friend       Annual reports

Tuesday 12 June, 2001

Taylor Nelson Sofres

AGM Statement

Taylor Nelson Sofres PLC
12 June 2001

                           Taylor Nelson Sofres plc

                     A world leader in market information

                            Annual General Meeting

At today's AGM, Tony Cowling, Chairman of Taylor Nelson Sofres, told

'In 2001 we have continued to make acquisitions that reinforce our global
network and specialist sector expertise. In January, we became the largest
market information company in the Nordic region, through our acquisition of
MDC Research Group. The market leader in Finland, MDC also has significant
operations in Russia and the Baltic countries. Its main strength lies in the
media sector, where it operates syndicated media services including television
and radio audience measurement and press readership. More recently, we have
built on our leading position in advertising tracking in the US by acquiring
Adscope, which provides continuous monitoring of business-to-business
advertising expenditure.

'As we acquire businesses that focus on market measurement services and extend
our existing operations in this area, the proportion of turnover represented
by syndicated and continuous activities continues to increase. These
activities operate mainly on long-term contracts and are less susceptible to
short term economic changes.

'We have been building on our strong position in Asia. In China, we are
growing our consumer panel and television audience measurement activities, as
well as establishing closer links with CVSC. We now have a 100 per cent
holding in Mode, one of India's largest market information companies and are
extending our activities in this important market and neighbouring countries.
Our latest consumer panel in the Philippines will start to deliver data to
clients in July and we have introduced our category management system into the
region. We now have seven consumer panels in Asia, delivering regional reports
to our major multi-national clients.

'Our global market continues to grow, despite the economic downturn in certain
countries. Commentators are currently expecting overall market growth for our
industry of 6 to 8 per cent in 2001 and we concur with this view. We said in
March that the industry growth rates in developing markets were outstripping
those of the US and Western Europe. As 2001 has progressed, these trends have
accelerated in certain areas and are reflected in our own performance. While
the US and French markets appear to be growing at a slightly slower pace than
we had anticipated, other parts of Europe, and Asia, are continuing to move
ahead well. With a strong network of offices and good business mix in both
areas, we are benefiting from their strength.

'We are on track to achieve anticipated levels of overall revenue performance
for 2001, with organic growth slightly ahead of the market and recent
acquisitions performing well. We remain confident of achieving another year of
satisfactory growth.'

As announced in December 2000, with effect from today's AGM, Mike Kirkham
becomes Chief Executive of Taylor Nelson Sofres, with Tony Cowling continuing
as Chairman.

For further information, please contact:

Tony Cowling, Chairman

+44 (0)1372 825 900

Mike Kirkham, Chief Executive

+44 (0)20 8967 4022

Janis Parks, Investor Relations Manager

+44 (0)20 8967 1584

Margaret George, Citigate Dewe Rogerson

+44 (0)20 7638 9571

Email to: [email protected]

Note to editors

Through its international network in more than 50 countries, Taylor Nelson
Sofres provides market information services in over 80 countries to national
and multi-national organisations. It is ranked as the fourth largest market
information group in the world. Further information on Taylor Nelson Sofres is
available from the corporate website:

a d v e r t i s e m e n t