Last checked at 14 Jul 2010 08:14
| Press Release | 14 July 2010 |
BrainJuicer Group PLC
("BrainJuicer" and the "Company")
Trading Update
Innovative, international online market research agency BrainJuicer has today released the following update on trading during the first half of its 2010 financial year. The Company's interim results will be announced on 22 September 2010.
The Company has made further encouraging progress during the first half of 2010 with overall revenue growth of 48%, driven primarily by our businesses in the UK and the US. As planned, the Company has further expanded its geographical footprint, by opening offices in Brazil and China.
The Board expects the Company to deliver further good progress in the second half. 2010 as a whole is anticipated to be in line with expectations when we reported our 2009 results in March. We plan to deliver strong revenue growth, while continuing to invest heavily in our strategically important 'Juicy' product development, and talent, to support our longer term ambitions to become a top 10 global market research group. We have strengthened our management team with the appointment of Alex Batchelor as COO (formerly CMO of TomTom) and Carola Verschoor as Managing Director in Holland (formerly International Marketing Director, Coffee Innovations, Sara Lee), in addition to our newly appointed Managing Directors of BrainJuicer China and BrainJuicer Brazil, Han Zantingh (formerly head of the Asian business of Tag, an advertising production company) and Gabriel Aleixo (formerly Marketing Services Director of Philips Brazil) respectively. Our total headcount is likely to increase from 80 at the beginning of 2010 to around 100 by the year end.
BrainJuicer is driven by the opportunity to reshape the research industry by translating a generation of breakthroughs in psychology, behavioural economics & social sciences into Juicy tools that better explain and predict human behaviour. The potential of this approach is reflected in the fact we are working with 11 of the world's 20 largest buyers of market research.
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For further information, please contact:
| BrainJuicer Group PLC |
|
| John Kearon, Chief Executive Officer | Tel: +44 (0)20 7043 1000 |
| James Geddes, Chief Financial Officer | www.brainjuicer.com |
| Canaccord Adams Limited |
|
| Mark Williams / Henry Fitzgerald-O'Connor | Tel: +44 (0)20 7050 6500 www.canaccordadams.com |
Notes to editors:
BrainJuicer is a thriving international marketing consultancy founded in 1999. The company provides fresh, validated, consumer-driven insight, to 11 of the worlds' largest consumer companies and their creative agencies, and other marquee clients in FMCG, food and beverage, retail, financial services, electronics, health and beauty, and entertainment. BrainJuicer specializes in helping clients with their innovation programmes, focusing on insights, concepts, communications and customer satisfaction. The company's innovative solutions have gained notice in the industry, which has come to regard BrainJuicer as a true thought leader and change agent.
BrainJuicer is the only agency to have won ESOMAR's Best Methodology award twice in the last 22 years, along with a number of other awards for innovation and entrepreneurship.
BrainJuicer was founded by CEO and Chief Juicer, John Kearon, and has been traded on London's AiM (Alternative Investment Market) since 2006. The company is headquartered in the United Kingdom, has offices in Switzerland, Germany, the Netherlands, the United States, Canada and an affiliate in Australia. In a year in which most companies suffered economic setbacks, BrainJuicer continues to grow, announcing 27% growth in 2009 and the opening of BrainJuicer offices in China and Brazil in 2010.
Further information on BrainJuicer can be found at www.brainjuicer.com.