YouGov: Trading At Top End Of 5-Year Plan
Edison | Oct 09, 2018 08:35AM ET
YouGov plc (LON:YOU) has delivered strong results that demonstrate the success of its shift in its business model towards a real-time data analytics business with a growing subscription revenue base. It continues to innovate, developing new products and services and augmenting the existing offering and is further expanding its geographic reach, with the investment supported by the cash-rich balance sheet. A new five-year plan is expected to be set out in Spring 2019 and we anticipate that this will also have ambitious targets for growth and earnings that will support the premium rating.
Revenues and margins ahead
FY18 revenues were up 9% on prior year, 12% on a constant currency (CC) basis, despite the shift in the Custom Research business away from one-off projects holding that segment’s revenue performance flat. Data Products and Services continue to build at an impressive rate, up 30% and 26% respectively (CC). A shift in the allocation of cost from Custom Research to the centre (a more accurate reflection) flattered the improvement in operating margin, but stripping this back, the segmental margin still grew from 18.9% to 24.1%. At group level, the operating margin rose to 16.9% (FY17: 13.6%). The increasing sophistication of the tools and analysis, all based on the group’s proprietary data derived from its own panel, is enabling it to become more deeply embedded in its clients’ work flows and underpins the growing subscription base, as well as supporting margins.
To read the entire report Please click on the pdf File Below:
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.