Market research group YouGov PLC (LON:YOU) has whacked up its dividend by 50% after delivering revenue and profit growth “significantly ahead of our industry”.
Adjusted profit before tax rose 42% to £23.3mln in the year to the end of July from £16.4mln the year before on revenue that rose 9%, or 12% on a constant currency basis, to £116.6mln from £107.0mln.
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Cash generated from operations (before paying interest and tax) increased by 25% to £23.6mlm from £19.0mln in the previous year.
The proposed final dividend has been hiked to 3p from 2p the previous year.
"We have delivered revenue and profit growth significantly ahead of our industry and continue to track to meet the financial objectives set out in our five-year plan,” said Stephan Shakespeare, the chief executive officer of YouGov.
“Increasingly, our clients are demanding the rapid analysis of data in real-time and through targeted investments in technology we have built a data engine which serves the modern marketer; however, as the technology of decision making evolves, so must our products and applications. As we continue to invest in our future we are opening new routes to growth, whether that be through scaling our offering in new markets or launching new applications like YouGov Direct which champions privacy in the GDPR age,” Shakespeare said.
Trading in the current financial year has started well, he added.
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