YouGov’s (YOU) share price bumped up as much as 6 per cent in early trading, as the data company posted a trading update in place of its half-year results. Management noted that adjusted operating profit climbed up by 35 per cent to £11.4m.
Its data products and services business, which accounts for over half of total revenue, saw sales grow by 17 per cent to £43.4m. This was largely driven by data products, which increased by 29 per cent to £25.1m. Data services on the other hand nudged up by 3 per cent, held back by restructuring in the Nordics, non-recurring election work in Asia Pacific and soft performance in Germany.
Chief executive Stephan Shakespeare said in a statement that the company has not seen a material impact on the business from the virus outbreak, but it is “inevitable” that its clients will be affected.
