News blog
BrainJuicer Group
- BY: Andrew Hore |
- POSTED: 19/01/2009 |
BrainJuicer Group says that its 2008 figures will be ahead of expectations.
December has always been a busy month for BrainJuicer. Revenues in 2008 grew by more than 40% to over £9m, while operating profits are 45% higher at more than £1.2m. This growth was completely organic.
Shares in the online market research agency rose 7.5p to 100.5p each, which values the company at £12.7m.
Growth was across the board and supplemented by a new office in Switzerland and a licensing agreement in Australia.
A new office is planned in Germany. High Level Research has licensed BrainJuicer’s products for the Canadian market. If this business achieves performance targets by 2013 then BrainJuicer will pay C$900,000 for it.
Full year figures will be released on 19 March.
Edison forecasts 2008 profits of £1.3m, rising to £1.7m in 2009. The shares are trading on 15 times 2008 earnings, falling to 11 in 2009. That means that BrainJuicer is no longer on the heady rating it was a year ago.
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