YouGov Reports 'Solid' Performance

YouGov has recorded a 'solid trading performance' for the year ended 31 July 2012 in an update issued by the London Stock Exchange.

The firm says operating profit will be in line with expectations, with second half revenue similar to that achieved in the first half. This, the company claims, reflects the focus on profitability in its German business, and the expected end of a long-term contract in Iraq.

In April, YouGov reported organic revenue growth of 12% and adjusted profit before tax of £2.2m for the six months ended 31 January 2012. During the period, revenue in the USA rose 35%, in the UK 21%, and in Germany, the Nordic region and the Middle East (YouGov Siraj) by 9, 13 and 26% respectively.

In today's statement, the firm says its balance sheet 'remains strong', with net cash at 31 July of approximately £7m.

The company is led by co-founder and CEO Stephan Shakespeare (pictured), who was recently namedas Chair of the Data Strategy Board for the UK government's Department for Business, Innovation & Skills (BIS).

Web site: www.yougov.com .