YouGov Revenue Up Despite German Sell-Offs

UK-based YouGov has reported a 4% increase in revenue to £58.1m for the year ended 31 July 2012, up from £55.1m in the prior year period. The US and UK businesses saw strong performances, more than off-setting the effects of disposals in Germany and the end of a major contract in Iraq.

US revenues were up 21% to £19.2m - organic growth of 8% - while UK revenue jumped by 15% to £15.7m. Operating profit for the year rose 6% to £5.6m.

Nordic revenue was up 6% to £8.8m, while the firm's new French operation was described as having 'started well'. However, in Germany, revenue was down 17% to £9.4m following the closure and disposal of two 'non-core' parts of the business, and revenues fell 20% in the Middle East as a result of the expected ending of a long-term contract in Iraq.

Commenting on the results, CEO Stephan Shakespeare (pictured) said: 'YouGov is well placed to continue to outperform the research market both in terms of sales growth and our reputation for new product development. Current trading is in line with the Board's expectations although the macro-economic environment especially in Europe remains uncertain.'

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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