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RNS Number : 8997Z YouGov PLC 28 January 2022
28 January 2022
YouGov plc
("YouGov" or "the Group" or "the Company")
Pre-Close Trading Update and Notice of Results
- Growth anticipated to be slightly ahead of the Board's expectations
for the current
financial year
YouGov, the international research and data analytics group, today issues a
trading update for the six months ending 31 January 2022.
YouGov has performed well during the period, with continued growth seen across
all divisions and geographies. The Group's performance has largely been driven
by custom tracking work, benefitting from the strong sales pipeline, and the
Data Products division as momentum in newer products and a renewed focus on
subscription sales has delivered solid results. The transformation of the
sales structure over the past year has continued to result in larger and more
strategic client wins. Geographically, the US and Mainland Europe remain the
key growth drivers.
As a result of the trading position in the first half, we are pleased to
report that the full year results to 31 July 2022 are expected to be slightly
ahead of the Board's expectations. The sales pipeline remains robust giving us
continued momentum into the second half of the financial year. Consequently,
the Board remains confident of achieving top-line growth for the full year in
line with the current long-term strategic growth plan, with modest margin
expansion due to continued investment in the business. To support future
growth in keeping with its strategy, YouGov has maintained investment in its
panel, technology and platform at a similar level to the prior year.
During the period, the Company entered into a new Revolving Credit Facility
(RCF) with an initial drawdown of £20 million for general corporate purposes.
The facility has a three-year term with the option to extend for up to an
additional two years.
Notice of Results
YouGov will publish its results for the six months ended 31 January 2022 on
Tuesday 22 March 2022. 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 / Stephen Samuel 020 3727 1000
Numis Securities (NOMAD and Joint Broker)
Nick Westlake / Hugo Rubinstein / Matt Lewis 020 7260 1000
Berenberg (Joint Broker)
Mark Whitmore / Richard Andrews / 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.
Our 17 million registered members provide us with a highly engaged proprietary
panel that delivers thousands of data points on consumer opinions, attitudes
and behaviour on a daily basis. We combine this continuous stream of data with
our research expertise to provide insights that enable intelligent
decision-making and informed conversations.
With operations in the UK, the Americas, Europe, the Middle East, India 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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