REG - YouGov PLC - Pre-Close Trading Update and Notice of Results

YouGovAnnouncement

29/07/2022 07:00

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RNS Number : 1680U  YouGov PLC  29 July 2022

29 July 2022

 

YouGov plc

 

("YouGov" or "the Group" or "the Company")

Pre-Close Trading Update and Notice of Results

 

Strong FY22 performance and cautious optimism for FY23 prospects

 

YouGov, the international online research data and analytics technology group,
today issues a trading update for the full year ending 31 July 2022.

 

YouGov has performed strongly during the period, with continued underlying(1)
growth across all divisions and geographies. Consequently, the Group's full
year results are expected to be in line with the Board's expectations. During
the second half, the Group has continued to invest in growth initiatives that
will drive top-line growth in the coming years in line with our stated
strategy. As a result, we anticipate modest margin improvement for the period
due to the continued investment in our panel, technology, and the YouGov
Platform, as we work towards our FY23 growth targets.

 

Building on the robust growth achieved in FY21, the Group's FY22 performance
has been driven in part by panel-based Custom Research, with significant
client expansions across technology, retail, and gaming and the division's
connected data proposition exceeding expectations during the period. Momentum
returned in FY22 for Data Products with solid growth following the successful
reorganisation of the Group's sales and execution structure. After a slow
start to the year, Data Services returned to normalised growth in the second
half. Geographically, the US remains the key growth driver in line with our
strategic focus to expand our market penetration in the region.

 

The two acquisitions completed in the period, Rezonance Ltd. and LINK
Marketing Services AG, are both performing well and in line with the Group's
expectations. The acquisition of LINK is already enabling the Group to
successfully expand the use of its proprietary panels, technology, and product
suite across the DACH region in Europe.

 

While we have not seen any significant impact on client behaviour to date, we
recognise that the ongoing macroeconomic uncertainty could impact the strong
momentum we have seen in the current year.  As a result, the Board remains
cautiously optimistic on the Group's prospects for FY23.

 

The Group continues to maintain a robust balance sheet and expects to end the
year with a strong cash position.

 

Notice of Results

 

YouGov will publish its Full Year Results for the year ended 31 July 2022 on
11 October 2022.

 

1 Defined as growth in business excluding impact of current and prior period
acquisitions and business closures, and movement in exchange rates.

 

Enquiries

 YouGov plc

 Stephan Shakespeare / Alex McIntosh / Hannah Jethwani              020 7012 6000

 FTI Consulting

 Charles Palmer / Tom Blundell / Jemima Gurney                                              020 3727 1000

 Numis Securities (NOMAD and Joint Broker)

 Nick Westlake / Iqra Amin                                          020 7260 1000

 Berenberg (Joint Broker)

 Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff       020 3207 7800

 

About YouGov

YouGov is an international online research data and analytics technology
group.

 

Our mission is to offer unparalleled insight into what the world thinks.

 

Our innovative solutions help the world's most recognised brands, media owners
and agencies to plan, activate and track their marketing activities better.

 

With operations in the UK, the Americas, Europe, the Middle East, India and
Asia Pacific, we have one of the world's largest research networks.

 

At the core of our platform is an ever-growing source of consumer data that
has been amassed over our twenty years of operation. We call it Living Data.
All of our products and services draw upon this detailed understanding of our
20+ million registered panel members to deliver accurate, actionable consumer
insights.

 

As innovators and pioneers of online market research, we have a strong
reputation as a trusted source of accurate data and insights. Testament to
this, YouGov data is regularly referenced by the global press, and we are the
second most quoted market research source in the world.

 

YouGov. Living Consumer Intelligence.

 

For further information, visit business.yougov.com

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