Ipsos (IPSOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good afternoon, or good morning. Thanks for joining. Welcome to our first quarter results announcement session for 2026 at Ipsos. I'm Jean-Laurent Poitou, the CEO of Ipsos, and I'm here with Olivier Champollier, our Chief Financial Officer. What I'm going to be covering today are our results for the first quarter of 2026, An update on our strategy execution. Horizons is the name. You heard about it if you attended our January Capital Markets Day, and we talked about it a bit as we announced our full year results of 2025. I'll provide an update of where we are on the execution path. And then we will take a look at how we are considering the rest of 2026 with an outlook. But let me start with our first quarter 2026 results. and our revenue, which stands at 555 million. If we compare this with the same number a year ago, it's 2.4% less, which in fact, if we didn't have a significant 5.4% negative currency impact, would be a total growth of 3%. That total growth is broken down into 4.3% of impact of the acquisitions we made, particularly the BVA family, minus the negative impact of having this pose of our Russian business or 80% of it as it happens. So it's not consolidated anymore. And then the organic growth is minus 1.4%, and the combination of all this is what drives the minus 2.4 total growth. But this is in the context of encouraging commercial momentum in Q1. I have had the opportunity to look at the order book for Q1 in many different dimensions, and I'll cover them in a second. Overall, our organic growth of our order book is 1% against the same quarter last year. with an acceleration towards the latter part of the quarter in March, which means that the revenues for many of those orders which happen late in the quarter will generate revenue further into 2...