London, October 8, 2023 – YouGov, the renowned research and data-analytics group, announced on Friday that it is anticipating reporting an adjusted operating profit for fiscal 2023 that aligns with market expectations. Despite the challenging market environment, YouGov’s solid performance throughout the year has positioned it well.
The company expects its adjusted operating profit for the year ending July 31 to range between £46 million and £50 million ($58.9 million-$64 million), which falls in line with market consensus. This data was compiled by the company based on market views.
While YouGov’s revenue is anticipated to be at the lower end of the consensus range of £257 million to £274 million, the company highlights that its underlying growth exceeds market expectations significantly.
Emphasizing its commitment to sustainable and profitable growth, YouGov continues to prioritize the sale of high-margin products and services. By maintaining discipline in its operations, the company is dedicated to delivering long-term value to its stakeholders.
YouGov intends to release its full-year results for fiscal 2023 on October 10, providing a comprehensive overview of its performance during this period.
Leadership Changes at YouGov
In a separate statement, YouGov announced significant leadership changes within the company. Steve Hatch has been appointed as the new Chief Executive Officer, succeeding Stephan Shakespeare. Shakespeare will transition into the role of Non-Executive Chair. The company also noted that Roger Parry, who has served as Non-Executive Chair for 16 years, will step down from his position and depart from the company.
