Business
Final Results
Final Results.
About this update from Yougov Plc
[{"type":"text","content":"\n RNS Number : 5801A YouGov PLC 12 October 2009 \n \n \n\n12 October 2009\nYouGov plc\nPreliminary results for the year ended 31 July 2009\nResults in line with expectations\n\nKey Financials\n\n\nTurnover up 10% to £44.3m (2008: £40.4m)\n\n\nNormalised operating profit of £3.1m (2008 £8.7m) \n\n\nNormalised profit before tax of £3.9m (2008: £9.5m)\n\n\nReported loss before tax of £0.7m (2008: profit £4.0m) \n\n\nNormalised earnings per share of 2.7p (2008: 9.1p)\n\n\nGood operating cash generation - improved to £5.3m (2008: £3.1m)\n\n\nBalance sheet remains strong - net cash increased to £12.5m as at 31 July 2009 from £12.3m as at 31 July 2008 \n\n\nRevenue per head increased by 20% to £107,000 from £89,000 \n\n\n\nOperational Highlights\n\n\nGood progress in developing the business, despite tough market conditions\n\n\nRecent US acquisition performing well \n\n\nBrandIndex now available in all geographies and gaining traction with major brand owners. This reflects benefits offered by real time research data \n\n\nOngoing innovation with launches of new syndicated products - Recession Tracker, Debt Tracker and Dongle Tracker \n\n\nRoll out of global technology platform will improve operational capabilities and support development of next generation of products\n\n\nReputation for accuracy further reinforced by polling results for the US Presidential Elections \n\n\nGroup management team strengthened \n\n\nActions taken to reduce costs in areas which were not delivering expected revenue growth\n\n\nWell positioned to benefit from continuing growth in online research\n\n\n\nCommenting on the results, Nadhim Zahawi, Chief Executive, said:\n\"During a year that has been very challenging for the research industry as a whole, we have re-focused the business on our core revenue generating areas and cut costs. Importantly, we believe that YouGov has continued to grow its market share compared to the incumbents. \n\nAs the online research pioneer, we continue to innovate and invest to ensure that we are best placed to capitalise on industry trends, in particular, the transition towards real time research. Our development is supported by a strong balance sheet and good cash generation. We are confident in YouGov's prospects...