Ipsos SA (IPS) Earnings Call Transcripts

Ipsos SA's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Ipsos SA reported revenues of EUR 555 million, reflecting a 2.4% decline year-over-year, primarily due to a significant 5.4% negative currency impact. Organic growth was down 1.4%, but management highlighted a positive order book momentum with a 1% increase compared to the previous year. The company maintained its full-year guidance of 2% to 3% organic growth, despite challenges in the Middle East and the integration of recent acquisitions.

Reported metrics

Guidance from management

Management maintained its full-year guidance for organic growth at 2% to 3%, indicating confidence in the order book momentum and execution of the Horizon strategy.

What management said

But we are not -- to the latter part of your question on the what if it lasts for months and not weeks and what if it escalates and drives, for example, the global economy into recession in some of the major geographies we serve. We are not providing a guidance that assumes any of that at this point. it was to happen, of course, we will adjust the cost base to mitigate the impact on profitability, but that's not some...

Okay. On the -- on your second question first, maybe we are taking, obviously, a number of measures. We are looking at our cost structure. We are looking at our pricing and everything. So yes, we are offsetting the impact of both losing the Russia accretive business and absorbing some of the remaining dilutive impact over 12 months again sixth of BVA through very disciplined execution on our cost base. But on the con...

What analysts pressed on

Analysts expressed concerns regarding the organic growth decline and the potential impact of geopolitical issues in the Middle East on overall performance. There were questions about the timing of revenue recognition from the improved order book and the sustainability of growth in the healthcare segment.

Main topics on the call

• Revenue Performance — Ipsos reported revenues of EUR 555 million in Q1 2026, down 2.4% YoY, with a negative currency impact of 5.4%. Management noted, "if we didn't have a significant 5.4% negative currency impact, it would be a total growth ...
• Order Book Growth — The order book grew by 1% year-over-year, indicating positive commercial momentum. CEO Jean-Laurent Poitou stated, "the signals we see on the commercial front... says that the growth we have suggested for the year is abs...
• Public Affairs Segment Recovery — Management highlighted a rebound in the public affairs segment, which had previously underperformed. Poitou mentioned, "public affairs is back... rising demand, rising order intake," signaling potential growth in this ar...
• Geographic Performance — North America, France, U.K., and China were key growth drivers, particularly China, which showed strong momentum. Champourlier noted, "China is one of the markets where we have seen rapid adoption of our AI-driven offers...

Read the full Ipsos SA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 34 Ipsos SA earnings call transcripts on record, spanning February 27, 2020 to July 23, 2026. Based on this history, Ipsos SA reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IPS

Exchange

ENXTPA

Country

FR

Sector

Communication Services

Industry

Media

Calls on record

34

First call

February 27, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly