28th Jan 2022 10:52
(Alliance News) - YouGov PLC said on Friday it expects its full-year results to be slightly ahead of management expectations, after a strong first half.
The London-based research and data analytics company said that in the six months to January 31, it had seen growth across all divisions and geographic areas, especially the US and mainland Europe. This was driven by work to track customers, as well as a strong sales pipeline. Its Data Products division had solid results as new products gained momentum, and it renewed its focus on subscription sales.
With a robust sales pipeline heading into its second half, YouGov expects to finish ahead of expectations for the full financial year ending July 31. It expects revenue growth in line with its long-term strategic growth plan, and it will continue the same level of investment into its technology and platform.
The company has signed a new revolving credit facility of GBP20 million for three years, to be used for general corporate purposes.
YouGov's share price rose by 0.8% to 1,240.00 pence each in London on Friday morning.
Results for the first half will be released on March 22.
By Elizabeth Winter; [email protected]
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