YouGov trades in line despite recent 'economic uncertainty'
By Iain Gilbert
Date: Friday 31 Jul 2020
(Sharecast News) - Data and analytics group YouGov said on Friday that it had traded in line with full-year expectations despite the "economic uncertainty" seen over the last few months as a result of the Covid-19 pandemic.
YouGov stated it had delivered growth in both revenue and profits during the year ended 31 July and claimed it had been "very resilient" with no material impact from Covid-19 on its business.
However, the AIM-listed group added that it continued to actively monitor the "fluid situation" and was maintaining tight cost controls and closely managing cash.
"The group remains in a comfortable cash position and has maintained flexibility during these uncertain times, while supporting our clients," said YouGov.
While YouGov acknowledged that some retail clients were delaying projects due to the coronavirus pandemic, it had seen increased opportunity from its technology clients and government work, including work on Covid-19 and health-related issues.
As of 0915 BST, YouGov shares were down 2.47% at 780.20p.
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