Ipsos SA (IPSOF) Q4 2025 Earnings Call Transcript

SA Transcripts158.61K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Ipsos SA (IPSOF) Q4 2025 Earnings Call February 25, 2026 2:30 AM EST Company Participants Jean Poitou - Chief Executive OfficerOlivier Champourlier - Head of Group Controlling & CFO Conference Call Participants Emmanuel Matot - ODDO BHF Corporate & Markets, Research DivisionEric BlainHai Huynh - UBS Investment Bank, Research Division Presentation Jean PoitouChief Executive Officer Good morning, and welcome. Thank you for joining us for this presentation of the 2025 annual results. I have been the new CEO since last September. My name is Jean-Laurent Poitou. I met some of you already. So not just the 2025 annual results, but also in line with what we announced on 22 January when we presented our Horizon strategy for the next few years. We'll tell you about the outlook. I will not reiterate what was said then, but we are -- we'll be looking at the implications of Horizons for 2026. I have next to me Olivier Champourlier, our CFO, who will give you details about the numbers. So the key figures for 2025. EUR 2.525 billion in revenue. That's an organic growth of 0.6%. Now that's less than the ambition that we have for future years. Nonetheless, the profitability is in line with what we announced for 2025 since we have 12.8% in operating margin before accounting for the dilutive effects of operations conducted in 2025, particularly the acquisition of the BVA Family and infas. Now then growth is less than hoped for. However, with a tight budget policy in the 50 operations, we were able to observe the necessary discipline to stay in line with our expectations for future years. So a few words about what we announced back in September and now the numbers as they have come out in the press release. In the EMEA region, that's