YouGov exceeds targets after strong earnings growth
Abraham Darwyne
Company News - 2 min read
10:06, 8th October 2019

YouGov (YOU) FOLLOW, 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”.

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