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YouGov sales and profits rise

By BFN News | 09:29 AM | Tuesday 02 April, 2019

YouGov reported revenue growth of 18% (2018: 10%) and underlying business growth of 10% in the half year to 31 January. Adjusted operating profit rose 41% to £12.5m over the same period while adjusted profit before tax jumped 28% to £13.7m. FINANCIAL HIGHLIGHTS: - Adjusted earnings per share up by 33% to 9.6p (2018: 7.3p) - Adjusted operating profit margin up 3 percentage points to 19% - Statutory operating profit up 92% to £8.4m - Net cash balances of £25m (31 January 2018: £21.3m) OPERATIONAL HIGHLIGHTS: - Data Products & Services revenue up by 34% to £37.2m (17% from underlying business); now representing 54% of total (2018: 49%) - Data Products revenue increased by 35% (26% from underlying business) to £19.4m - Data Services revenue increased by 33% (9% from underlying business) to £17.8m - Custom Research revenue increased by 4% to £30.4m; continued strategic focus on higher margin work resulting in a 15% increase in operating profit to £7.9m - US remains the largest driver with adjusted operating profit increasing by 15% to £9.1m Chief executive Stephan Shakespeare said: "In the final year of our current five-year growth plan we are continuing to deliver revenue and earnings growth ahead of the market. "Our syndicated data model has broken new ground in the industry, and as we announce targets for our next five-year plan, we are no less ambitious. "Our aim is to deliver the best tools and the best data for our clients. "Our new plan focuses on three strategic pillars to deliver on that goal: activating our data to create targetable audiences, investing in technology to ensure our data is integrated and customisable, and opening up some of our data as a public resource. "We believe this will help create a universal data platform for our clients, as we look to fulfil our ambition of becoming the world's leading supplier of proprietary panel data." At 9:29am: (LON:YOU) YouGov PLC share price was -10p at 467.5p Story provided by

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