2024-02-22 16:46:03 ET
Ipsos S.A (IPSOF)
Q4 2023 Earnings Call Transcript
February 22, 2024 2:30 AM ET
Company Participants
Ben Page - CEO
Dan Levy - CFO
Conference Call Participants
Marie Fort - Societe Generale
Mohamed Mansour - IDMidCaps
Presentation
Ben Page
Good morning. Bonjour. Thank you for coming in the rain to the results for Ipsos for 2023. We're delighted to be here. Dan Levy, our CFO, and I will take you through some of the numbers and the business, and then we can spend some time perhaps discussing them and answering any questions you may have.
So overall, the profile of 2023 has been, as we predicted, at this event last year, with growth accelerating during the year. And as we said, a very different profile in terms of the growth of revenue during the year than we had seen in the previous year, 2022. In 2022, we slowed down during the year. In 2023, we accelerated quarter-on-quarter. Overall growth at 3%, if we take out the COVID cliff edge that is now completely out of our accounts, the growth would have been 4%.
And the operating margin maintained at a record level for Ipsos, so 13.1%, very low leverage, a very solid financial system position. And that's important, and I think reflects that even if the growth wasn't as much as we might have hoped for at the start of the year, and we can discuss all of that.
We were able to protect that operating margin because of the flexibility and diversity in our business, and our ability to control costs depending on the situations we find ourselves in. ...
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Ipsos S.A (IPSOF) Q4 2023 Earnings Call Transcript