Strong financial performance in first half; positive outlook for full year

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27.08.2008 Global

Unaudited interim results for the six months ended 30 June 2008

David Lowden

Taylor Nelson Sofres plc

Unaudited interim results for the six months ended 30 June 2008

Strong financial performance in first half; positive outlook for full year

Highlights

  • Successful implementation of strategy continues to deliver strong results
  • Reported revenue growth almost 17%; underlying revenue growth over 5%
  • Adjusted operating profit up almost 20%; adjusted operating margin up 30 basis points
  • Fully diluted adjusted earnings per share up over 20% to 7.0p
  • Interim dividend per share increased by 25% to 2.0p
  • New business remains strong; order book supports accelerated revenue growth in H2
  • Full year underlying revenue growth expected to be around 6%

David Lowden, Chief Executive, said:

“These results demonstrate the quality of TNS’ business, the strength of our market position and the effective implementation of our strategy. We have delivered substantial growth in revenue,adjusted operating profit and adjusted earnings per share, and our shareholders will enjoy a 25 per cent increase in the interim dividend. Around the world, we continue to win new business and our order book is in excellent shape to reach full year underlying revenue growth of around 6 per cent. In the medium term, we work towards our adjusted operating margin objective of over 12.5 per cent.”

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