11 April 2008
Taylor Nelson Sofres plc
Interim management statement
Full year expectations unchanged
Taylor Nelson Sofres plc (TNS), the global market information and insight group, today issues its first interim management statement, for the first quarter of 2008, made in accordance with the UK Listing Authority’s Disclosure and Transparency Rules.
Summary
· Good first quarter revenue performance
· Strong levels of new business activity
· Full year expectations for group unchanged, supported by secured revenue position.
Q1 revenue performance and outlook
Given the normal seasonality of the market information industry, the first quarter represents a relatively small proportion of annual revenue. In the first quarter, the group saw a good performance in its syndicated services and the custom business performed in line with expectations.
While the near-term macro economic outlook remains uncertain, particularly in North America, the group believes that the growth potential for the market information industry remains strong. Although still early in the year, overall levels of new business activity for the first quarter were improved over the previous year.
The group’s overall expectations for the full year remain unchanged from those given in the 2007 results announcement on 3 March 2008. The proportion of orders secured at the end of the first quarter supports these expectations and reinforces the group’s confidence in the outlook for the full year.
Next update
In line with its normal reporting pattern, TNS will issue a trading statement on 11 July 2008, ahead of the interim results announcement on 29 August.
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
Email: Janis.Parks@tns-global.com
