Trading Statement
November 22 2005 - 2:01AM
UK Regulatory
RNS Number:4586U
Research Now plc
22 November 2005
Date: Embargoed until 07.00 hrs, Tuesday 22 November 2005
Contact: Christopher Havemann (Chief Executive)
Andrew Cooper (Managing Director)
Research Now
Tel: +44 (0)20 7091 7800
Corporate Website: www.researchnow.co.uk
Alistair Mackinnon-Musson
Philip Dennis
Hudson Sandler
Tel: +44 (0)20 7796 4133
Email: rn@hspr.co.uk
Photographs: Available from Hudson Sandler, as above
Research Now Plc
Pre-Close Trading Update
The Board of Research Now, a leading European online fieldwork provider to the
market research industry, is pleased to make the following trading update prior
to the Group going into its close period.
"Fieldwork" is the collection of survey data via personal interviews - a process
that Research Now undertakes online from its panel of over 700,000 potential
respondents - making Research Now the owner of one of the largest online
research panels in Europe.
Statement
"Turnover for the year ended 31 October 2005 is expected to be more than five
times the prior year, which was #701,000. Sales in the second half of the
financial year were over 80% higher than the first half. Profit before taxation
is expected to be in line with recently upgraded current market expectations.
Trading since the Group's admission to AIM in August 2005 has been excellent.
Research Now has continued to win new clients, as well as increase sales to
existing clients. This strong trading has enabled the Group to invest further
in expanding the size and geographic reach of its panels and to open new sales
offices in both Australia and the United States".
The Group's financial results for the year to 31 October 2005 will be announced
on 23 January 2006.
- ENDS -
Notes To Editors:
ABOUT Research Now
* Research Now is a leading European online fieldwork and panel specialist
in the market research industry
* Research Now owns the "Valued Opinions" (www.valuedopinions.co.uk) family
of research panels across Europe (UK, Germany, France, Spain, Italy,
Republic of Ireland and Austria), comprising over 700,000 panellists,
including the flagship UK panel of 280,000 consumers
* Research Now's online panels are used by the world's leading research
agencies and directly by some of the best known 'blue chip' companies
* Traditionally, market research fieldwork surveys have been undertaken on
either a 'face to face' basis or via the telephone. There is, however, a
structural shift underway in the research industry, towards performing
fieldwork online - largely a result of it often being cheaper, faster and
better than traditional survey methods
* In the US, online survey research has grown from constituting only
approximately 9% of the total US survey research market in 2000 to being an
estimated 29% of the market today, representing a growth rate of circa 30%
per annum over the past five years. The European online market lags the US
at only circa 4% market share - but it is rapidly increasing and is showing
a similar growth rate to that experienced in the US
* The worldwide market research industry is worth an estimated total US
$18.9 billion and has grown at 6.3% per annum since 1995 - outstripping both
advertising expenditure and GDP growth. Of this total, fieldwork is a
significant component, with online research being the fastest growing
segment of it.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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