During 2010, Cint has grown it's panel network to over 4 million panelists thanks to more than a dozen contracts with new panel owners that all together added 1.5 million panelists to the previous 2.5 million panelists at the start of this year.
Among the new panel owners are major research agencies and publishing groups, as well as panel providers, such as GfK, Itracks, Universal Survey and Hachette Filipacchi.
The US market, in 2008 seen as the most important market for Cints panel management system CPX, grew from 200,000 to 1.2 million so far in 2010, the largest growth in panel size in a single market the company has seen to date. Since the start of the US operations in 2008 by the Cint veteran Oscar Carlsson, the new management team hired earlier this year seem to have paid of in terms of panel volumes.
The aggressive expansion seams however to strain the financial result. With a turnover of SEK 46 million (4.9 mEur), Cint reported a loss of SEK 25 million (2.6 mEur) last year. Previous years strong growth remains, but the negative margin is at all time high in 2009 (according to reported results). The company does not yet give any estimates for 2010.