Jul 25, 2024 / 06:30AM GMT
Operator
Welcome to the 2024 Half Year Results for Ipsos, and it's good to be joined by Hugh. I'm here with my colleague, Dan Levy, our CFO, and I want to take you through where we find ourselves halfway through the year in this Olympic city of Paris. So overall, we've seen good growth at 4.7% overall organically. That is at 3.8%. And if you look at Q2, it was a little weaker, particularly at the end of Q2 at 3.1%. We have a positive scope effect because of the acquisitions that we have successfully made over the last 18 months. And those are working well and adding to our growth, but a negative FX effect at minus 1.8%. The profitability is good, 10.1% versus 8.7% for the same period last year. And we've also done well on our free cash flow, which is up nearly EUR60 million, 80 million now for the first half.
What I'd like to do now is pass over to Dan, who will take you through more detail behind some of those figures in a second. But one key thing that we need to remember is the mixed situation in the United States. Now here, organic growth is negative at minus 2.2% outside the U.S., 6.5% growth, but in
Half Year 2024 Ipsos SA Earnings Call Transcript
Jul 25, 2024
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