
Brainjuicer Announce Interim Results for Six Months ended 30 June 2007
September 07
BrainJuicer Group PLC (AIM: BJU), a leading international online market research agency, today announces its Interim Results for the six months ended 30 June 2007.
Highlights * Significant top-line organic growth with revenue up by 57% to £2,901,000 (2006: £1,849,000) * Operating profit increased by 13% to £147,000 (2006: £130,000), after investing heavily in client facing staff * Profit after tax increased by 77% to £113,000 (2006: £64,000) * Strong performance across all business units: UK revenues up 31%, Holland 177% and US 22% * Increased major client base from 10 to 12 of the world's top 50 companies * 84% of revenue from repeat business * Strong uptake of its new product, Predictive Markets, up from 3.6% for the first 6 months of 2006 to 9.5% for the same period in 2007 * Appointment of Ken Ford as non-executive Chairman, formerly Deputy Chairman of Teather & Greenwood
Commenting on the results, John Kearon, Chief Executive of BrainJuicer Group PLC, said: 'Throughout 2007 we have built on the strong foundations we established in 2006, focusing on our clients, our innovation, and our technology; the Board has been delighted with the Company's progress so far this year. We are pleased to report continued strong organic growth, an increased list of very large satisfied clients, and strong performance across the business units.
To support BrainJuicer's underlying growth, we are continuing to invest. Our client facing team has increased from 21 at the end of 2006, to 27, and our software development programme is on target in terms of both timing and budget. The Company's innovative new products, Predictive Markets and Creative Sixers have been well received in the market, and our new FaceTrace(TM) technique has recently been short listed for best methodology paper by the foremost industry event, ESOMAR. We are pleased with BrainJuicer's progress for the first half of 2007, and are excited about the Company's developments for the remainder of the year.'
ENDS
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For further information, please contact:
BrainJuicer Group PLC Tel: +44 (0)20 7043 1000 John Kearon, Chief Executive Officer john.kearon@brainjuicer.com
James Geddes, Chief Financial Officer james.geddes@brainjuicer.com
Landsbanki Securities (UK) Limited Tel: +44 (0)20 7426 9000 Fred Walsh / Simon Brown
Media enquiries: Abchurch Communications Tel: +44 (0)20 7398 7700 Heather Salmond / Joanne Shears heather.salmond@abchurch-group.com
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