YouGov expecting bumper year after first half
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Research and data analytics company YouGov updated the market for the six months ending 31 January on Thursday, reporting that half-year trading was anticipated to be ahead of the board's targets.
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The AIM-traded firm said that as a result, its board expected the full-year outcome to be “slightly ahead” of market expectations.
It said its performance was driven primarily by data products and services, as organic growth trends continued across its core markets, and the business expanded into new geographies.
Operating margins in custom research also continued to improve, the firm reported.
During the period, investment in technology and product development continued, and the group completed two small bolt-on acquisitions where it saw opportunity to accelerate its future growth in specific end-markets.
Those were ‘InConversation Media’, which provided a technology platform for engaging hard-to-reach audiences, and ‘Portent.IO’, a social analytics company focusing on the film and television industry.
“YouGov will publish results for the six months ended 31 January on 2 April,” the board confirmed in its statement.