YouGov PLC Pre-Close Trading Update and Notice of Results (2810N)
January 29 2021 - 01:00AM
UK Regulatory
TIDMYOU
RNS Number : 2810N
YouGov PLC
29 January 2021
29 January 2021
YouGov plc
("YouGov" or the "Group")
Pre-Close Trading Update and Notice of Results
YouGov, the international research and data analytics group,
today issues a trading update for the six months ending 31 January
2021.
We are pleased to report that half year trading is anticipated
to be in line with the Board's expectations for the current
financial year.
YouGov performed well during the period with underlying revenue
growth across all three divisions. Performance was led by Data
Services as we saw strong demand for more tactical, fast turnaround
projects. Growth in Data Products and Custom Research was more
moderate. However, both divisions have seen positive momentum with
larger, more strategic projects coming through towards the end of
the calendar year. This strong sales pipeline provides good
visibility into the second half. Mainland Europe is on track to
deliver better than expected performance. The Group's headline
operating profit was impacted by an increased non-cash share-based
payments charge, resulting from a modification in accounting
treatment, while underlying margin continued to grow.
During the period, YouGov continued to invest for future growth,
particularly in its global panel (commencing expansion to a further
15 countries) and technology platform (launching new products and
working towards bringing our entire product suite onto a single
platform).
The Board remains confident of achieving its full year targets
in line with the second five-year growth plan, albeit with the
phasing of revenue growth and margin delivery weighted towards the
second half of the financial year.
Notice of Results
YouGov will publish its results for the six months ended 31
January 2021 on Tuesday 23 March 2021. The YouGov management team
will host a conference call on the day at 9.30am. Should you wish
to attend please contact FTI Consulting:
SCyougov@fticonsulting.com
Enquiries:
YouGov plc
Stephan Shakespeare / Alex McIntosh / Hannah Jethwani 020 7012 6000
FTI Consulting
Charles Palmer / Elena Kalinskaya 020 3727 1000
Numis Securities (NOMAD and Joint Broker)
Nick Westlake / Hugo Rubinstein / Matt Lewis 020 7260 1000
Berenberg (Joint Broker)
Mark Whitmore / Alix Mecklenburg-Solodkoff 020 3207 7800
About YouGov
YouGov is an international research and data analytics
group.
Our mission is to supply a continuous stream of accurate data
into what the world thinks, so that organisations can better serve
the communities that sustain them.
Each day, our highly engaged proprietary global panel of over 11
million registered members provides us with thousands of data
points on consumer opinions, attitudes and behaviour. We combine
this continuous stream of data with our research expertise to
provide insights that enable intelligent decision-making and
informed conversations.
Our ground-breaking syndicated Data Products include the daily
brand perception tracker, YouGov BrandIndex, and the media planning
and segmentation tool, YouGov Profiles. Our market-leading YouGov
Data Services division provides a fast and cost-effective solution
for reaching nationally representative and specialist samples.
YouGov's Custom Research division offers a wide range of
quantitative and qualitative research, tailored by sector
specialist teams to meet clients' specific requirements.
With operations in the UK, North America, Mainland Europe, the
Nordics, the Middle East and Asia Pacific, YouGov has one of the
world's largest research networks.
YouGov
Best panel
Best data
Best tools
For further information visit yougov.com.
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END
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