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'Strong' Six Months for YouGov

March 25 2013

Online research and polling firm YouGov has reported strong results for the 6 months ending January 31st, the first half of its financial year, with like-for-like revenue growth of 5% and adjusted profit before tax up by 16% to £2.6m.

Shakespeare - 'strong first half'Reported results look less impressive due to currency changes - revenue crept up from £29.9m to £30.1m. Adjusted earnings per share rose 13% to 2.0p (2012: 1.8p), and the company says its balance sheet remains strong, with net cash of £6.4m (2012: £10.3m).

Regionally, the company grew rapidly in the USA (revenue up 12%) and the Middle East, where locally generated business grew revenue by 27%; and was slower in the UK (up 2%) and the Nordic region (flat in local currency). However, YouGov noted that in the UK it had 'grown its share of major corporate research budgets and achieved several significant new client wins', the revenue impact of some of which will be greater in the second half of the year - and the UK business continued to generate the highest operating margins in the group, reflecting the high proportion of its revenue from data products and services - in the period under review this grew by 11% to an impressive 46% of total UK revenue. In Germany, YouGov said it continued to turn the business around and there has been a significant increase in productivity.

In terms of business areas, global data products and services revenue grew 12%, while revenue for the company's BrandIndex monitor was up an impressive 26% .

CEO Stephan Shakespeare comments: 'YouGov has had a strong first half, delivering solid like-for-like growth and improved profits while continuing to develop our capacity to meet clients' changing requirements. We continued to grow our business internationally, especially in the US, the Middle East and most recently in France, and are pleased to report a significant improvement in profitability in Germany reflecting the successful turnaround there.' He adds: 'In the second half, we will be bringing to market major enhancements which will better enable companies to monitor, evaluate and adapt their campaigns in real-time and our sales are already reflecting the appeal of this offer to the market.'

Web site: www.yougov.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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