, the market research and data analytics firm on Tuesday beat its targets after delivering strong revenue and profit growth in a “milestone year” the company.
Revenue for the year ending july 2019 was up 17% to £136.5 million from £116.6 million, and operating profit increased 45% to £18.3 million from £12.7 million.
The company said that improving margins, and a focus on subscription data products as part of its five-year plan was a significant driver of its performance.
Its operating profit margins were 13%, up 2% from 11% in the year prior.
Stephan Shakespeare, Chief Executive, commented: “Five years ago we set ourselves ambitious growth targets which reflected our belief in the business' ability to expand its international reach, develop best-in-class products and dynamically respond to changing client needs. I am delighted that we have exceeded those targets.”
He said: “We have consistently delivered growth ahead of the market in that time, proving that YouGov's technologies, services and people are truly world leading.”
The AIM listed firm also announced a hike to its dividend upwards 33% to 4p per share.
“We remain very ambitious.” Shakespeare added. “This year was also the first year of our next five-year plan and we have made a great start, delivering strong growth in earnings. We have been winning more clients, taking on larger contracts and projects, and strengthening our position across the globe. At the same time, we have continued to invest in our products and technology.”
The company said current year trading has started in line with expectations, and that the business outlook “remains strong”.
Follow News & Updates from YouGov here:
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
SP Angel research note on commodities and miners, featuring: Evraz* (EVR LN) – EVRAZ see Vanadium demand rising by 2.5% CAGR from 2019 – 2024 with prices supporting VRFB battery useage Bushveld Minerals* (BMN LN) 22.85p, Mkt Cap £256m – Peak Resources (PEK AU) – Annual report highlights progress towards Ngualla development and Tees Valley rare earth refinery Shefa Gems (SEFA LN) – Grade report looks virtually meaningless
Britain’s tea drinkers are a dying breed as younger customers desert the traditional builder’s brew in favour of trendier alternatives, the owner of PG Tips has warned, Shares in retail property firm Capital & Regional leapt the most in a decade yesterday, after the company accepted a £150m offer from South Africa’s Growthpoint Properties that will make the group its majority owner
Horizonte Minerals go through the results of the Pre-Feasibility Study for their Vermelho Nickel-Cobalt Project. Live Company Group discusses their upcoming shows. Chris Bailey covers, WH Smith, Domino's Pizza & Unilever.
SP Angel research note on commodities and miners, featuring: Aura Energy Limited* (AURA LN) – Work starts on new targets at Tasiast South gold tenement following reinterpretation of data Ormonde Mining* (ORM LN) – Barruecopardo 12-month loan facility for €10m at 18% pa interest + 3% pa commitment fee Shanta Gold (SHG LN) – Q3 update: on course for 80-84okz FY19 target