31년 2024월 XNUMX일까지 XNUMX개월간 결과
월 26 2024
YouGov PLC
("YouGov" 또는 "그룹")
31년 2024월 XNUMX일까지 XNUMX개월간 결과
- Continued confidence in achieving FY24 market expectations underpinned by robust sales pipeline
- Resilient H1 performance with continued growth momentum in a challenging macro environment
- Successful completion of CPS acquisition with integration progressing well
YouGov, the international research and data analytics group, announces its results for the six months ended 31 January 2024.
결과 요약 | ||||
| 감사되지 않음 XNUMX개월 ~ 1월 31 2024
£ m | 감사되지 않음 XNUMX개월 ~ 1월 31 2023 (다시 말함) £ m | 변화 %
| Underlying 변화¹ % |
수익 | 143.1 | 131.4 | 9% | 2% |
조정 영업 이익1,2 | 27.9 | 22.6 | 23% | (4의 %) |
조정 영업이익률(%)2 | 19% | 17% | 200bps | (100bps) |
법정 영업 이익 | 9.5 | 20.4 | (53의 %) |
|
세전 조정 이익1 | 30.3 | 27.1 | 12% |
|
세전 법정 이익 | 10.4 | 21.0 | (50의 %) |
|
조정된 주당 순이익1 | 20.4 | 19.7 | 4% |
|
법정 기본 주당 순이익 | 3.7p | 14.7p | (75의 %) |
|
1. Defined in the explanation of non-IFRS measures below.
2. Figures have been restated to remove customer list amortisation which is now classified as a Separately Reported Item.
재무 하이라이트
? | Revenue growth of 9% (HY23: 30%) to £143.1m, with underlying¹ growth of 2% (HY23: 13%), against a strong comparable period in the prior year. |
? | 조정 된 영업 이익2 up by 23% to £27.9m reflecting contribution from the acquisition of the Consumer Panel Services of GfK GmbH ("CPS"), with underlying¹ change of (4%) due to slightly lower gross margins. |
? | 조정 영업이익률2 up 200 basis points (bps) to 19%, due to accretive margin contribution from CPS. |
? | Statutory operating profit down by 53% to £9.5m (HY23: £20.4m), due to exceptional costs of £18.4m largely in relation to the CPS acquisition and related debt financing. |
? | 조정 된 주당 수익1 up by 4% to 20.4p (HY23: 19.7p). Statutory earnings per share has decreased from 14.7p to 3.7p. |
? | Robust balance sheet position maintained with cash at period end of £53.4m (31 January 2023: £41.4m) and leverage ratio1 of 1.6x net debt to EBITDA. |
운영 하이라이트
? | After a slow start to the year, strong sales momentum has returned particularly for our panel-based custom tracking solutions. | |
? | High-quality syndicated data remains embedded across clients' workflows resulting in stable demand for our Data Products division. | |
? | Following a slowdown in H2 FY23, sales momentum in the technology sector has returned to the high levels seen in the prior year period. | |
? | Our historically core markets, the UK and US, remained the key growth drivers in the period while performance in EMEA was flat on an underlying basis1. We anticipate an acceleration in the US in the second half of the year owing to a strong sales backlog and are beginning to see commercial opportunities in relation to the presidential elections later this calendar year. | |
? | Continued investment made during the period to meet client research demand and drive further innovation | |
| ? | 제품 혁신: Continued investment of £6.0m (HY23: £4.4m) in technologies to drive long term growth, including the launch of our first AI product to meet growing demand in qualitative research. This new product builds on our existing machine learning and data capabilities, and we are pleased to see high levels of early interest for it in the market. |
| ? | 패널: Continued investment of £3.4m (HY23: £4.8m) in the build-out of our panel and allocation of resources to higher growth areas, such as the US to meet demand for customised research. |
| ? | 인수: Acquired US-based survey data management solution, KnowledgeHound, to further extend the capabilities of the YouGov Crunch analytics platform. Completed the transformational acquisition of CPS, the European leader in household purchase data across 18 countries, for a headline purchase price of ?315m. |
Update on CPS
? | The integration process is well underway, with our combined teams collaborating on commercial opportunities to capitalise on the benefits of the enhanced value proposition. |
? | We have seen a positive response from both employees and clients, largely due to the highly complementary nature of the transaction. Our shared DNA on providing high quality data using an engaged panel, combined with CPS's deep client relationships will support our continued growth by expanding our combined offering to existing clients in our current markets, and creating opportunities to win new clients and roll out into new markets. |
? | The acquired business has been trading ahead of expectations since the acquisition announcement in July 2023, on the back of investments in the business and strong client renewals. |
현재 거래 및 전망
? | While we continue to experience longer sales cycles and a slower-than-expected Q1, our sales momentum has accelerated in Q2 underpinned by clients' continued focus on high-quality, data-driven solutions. |
? | The Group's sales pipeline remains healthy and, with over 75% of the stand-alone revenue expectation already committed, it provides good visibility as we go into the second half of the financial year. |
? | While the overall weakness in macro sentiment may impact the speed and level of some client spending, we remain confident in achieving current market expectations for the full year. |
? | We remain disciplined in our investment approach as we continue to optimise our cost base to ensure we are poised for further margin improvement. |
? | Our focus on our commercial rigour, supported by the recent appointment of a Chief Commercial Officer, will be central to our operations and in further strengthening the Group's foundations to deliver on our third long-term strategic plan. |
Revised medium term targets
? | Following the completion of the CPS transaction, the Group revises its medium-term guidance to include the contribution from CPS as follows: | |
? | Medium-term revenue of £650 million (previously £500m); and | |
? | Medium-term adjusted operating profit margin of 25% (unchanged). |
Leadership and board changes
? | During the period, we appointed Tom Fisher as Chief Commercial Officer, to lead our new regionally-aligned commercial structure and help deepen relationships with our blue-chip client base. He takes over from Frank Saez, our previous Chief Revenue Officer, who stepped down at the end of 2023. |
? | Post period, on 19 February we announced that Sundip Chahal, Chief Business Officer, had stepped down for personal reasons. |
? | Lynda Vivian, Chief Operating Officer, succeeds Sundip in managing the integration of CPS. Alongside the integration, Lynda will continue to focus on the delivery of YouGov's Platform model, in line with the Company's strategic growth plan, and ensuring operational excellence across the business. |
? | In light of the previously announced stepping down of Rosemary Leith in April 2024 after nine years' service, a search is currently underway for a new Non-Executive Director. |
스티브 해치(Steve Hatch) CEO는 이렇게 말했습니다.
"YouGov delivered a resilient performance in the first half of the financial year, with continued growth momentum in a challenging macroeconomic environment. In line with our strategy, we have continued to invest in the business to drive sustainable growth and expand our technological capabilities both organically and through acquisitions made during the period.
We were delighted to welcome the brilliant CPS and KnowledgeHound employees to our team. I am pleased to confirm that the integration of CPS is progressing well, with positive responses from both clients and our combined teams. We are collaborating on commercial opportunities, with active cross-sell projects beginning to come through post period end, as we create more value for our clients.
As we enter the second half, our clients are increasingly looking for high-quality, data-driven solutions. The quality of our products and services, the accelerated sales momentum seen in the second quarter, and our robust sales pipeline gives us confidence that YouGov can achieve growth for the full year in line with current market expectations."
애널리스트 프레젠테이션
A presentation for investors and analysts will be held via Zoom audio webcast at 9.30am on Tuesday 26 March 2024. Link to join the presentation below.
줌 웨비나: https://yougov.zoom.us/j/99189135756?pwd=Y3Zld08rYVlkVnVvUEVLWmdYRXErQT09
프레젠테이션 사본은 다음에서 온라인으로 제공됩니다.
https://corporate.yougov.com/investors/presentations/ shortly after the half-year results announcement is live on the Regulatory News Service (RNS).
미래 예측 진술
이 전체 연도 보고서의 특정 진술은 미래 지향적입니다. 그룹은 이러한 미래예측 진술에 반영된 기대가 합리적이라고 믿고 있지만 이러한 기대가 정확할 것이라는 보장은 할 수 없습니다. 이러한 진술에는 위험과 불확실성이 포함되어 있으므로 실제 결과는 이러한 미래 예측 진술에서 표현되거나 암시된 내용과 실질적으로 다를 수 있습니다.
우리는 새로운 정보, 미래 사건 등의 결과로 미래 예측 진술을 업데이트할 의무가 없습니다.
문의 :
YouGov PLC 스티브 해치, CEO 알렉스 매킨토시, CFO Hannah Jethwani, IR Director
| + 020 7012 6000 |
FTI 컨설팅 찰스 팔머 / 발레리자 심벌즈 / 제미마 거니
| + 020 3727 1000 |
Deutsche Numis(NOMAD 및 조인트) broker) 닉 웨스트레이크 / 이크라 아민
| + 020 7260 1000 |
베렌베르크(조인트 Broker) 마크 휘트모어 / 리처드 앤드류스 / 알릭스 메클렌버그-솔로드코프
| + 020 3207 7800 |
YouGov에 대해
YouGov는 국제 온라인 연구 데이터 및 분석 기술 그룹입니다.
우리의 임무는 세상이 어떻게 생각하는지에 대한 비할 데 없는 통찰력을 제공하는 것입니다.
당사의 혁신적인 솔루션은 세계에서 가장 인정받는 브랜드, 미디어 소유자 및 대행사가 마케팅 활동을 더 잘 계획, 활성화 및 추적할 수 있도록 돕습니다.
영국, 미주, 유럽, 중동, 인도 및 아시아 태평양 지역에서 사업을 영위하는 당사는 세계 최대의 연구 네트워크 중 하나를 보유하고 있습니다.
우리 플랫폼의 핵심에는 27년 동안 운영해 온 소비자 데이터의 계속 증가하는 소스가 있습니다. 우리는 이를 리빙 데이터라고 부릅니다. 당사의 모든 제품과 서비스는 XNUMX만 명 이상의 등록 패널 회원에 대한 상세한 이해를 바탕으로 정확하고 실행 가능한 소비자 통찰력을 제공합니다.
온라인 시장 조사의 혁신가이자 개척자로서 우리는 정확한 데이터와 통찰력을 제공하는 신뢰할 수 있는 출처로 강한 명성을 얻고 있습니다. 이에 대한 증거로, YouGov 데이터는 전 세계 언론에서 정기적으로 참조하며 우리는 세계에서 두 번째로 많이 인용되는 시장 조사 소스입니다.
YouGov. 살아있는 소비자 인텔리전스.
자세한 내용은 business.yougov.com을 방문하십시오.
최고 경영자의 검토
The H1 FY24 period marks my first six months at YouGov and I remain impressed with the calibre of our staff and the level of trust we have with our clients and panellists. YouGov has seen resilient performance during a period of leadership transition and against a macro-economic environment that remains challenging. Client budgets have remained under pressure, in part due to the inflationary environment, leading to some scaling back or delays in spending decisions. In our home market, the UK, the IPA Bellwether Report estimated that market research budgets shrunk 5% in Q4 2023, down from a 1.5% decline in the preceding quarter. Additionally, industry body ESOMAR estimated that the established market research sector in the US would expand by only 1% in 2023.
Despite this backdrop, we continue to capitalise on our strength in the US technology and media agency sector as our data continues to be increasingly embedded into client workflows. We have also seen strong growth in the retail and travel sector, where we have been previously underweight, as clients look to better understand changing consumer behaviours.
From a regional perspective, the UK continues to perform well owing to our strong reputation in the market. Conversely, performance in the US has been more challenging as a consequence of disruption in the e-sports and gaming sector due to clients restructuring, a high comparable base for the technology sector, as well as the academic sector which had benefited from election work in the prior year period.
지역별 실적
수익 | 여섯 달 에 1월 31 2024 £ m | 여섯 달 에 1월 31 2023 £ m | 수익 성장 % | Underlying1 수익 변화율 |
UK | 32.8 | 31.1 | 5% | 5% |
미주 | 60.5 | 63.0 | (4의 %) | 2% |
EMEA | 47.2 | 33.6 | 41% | 0% |
아시아 태평양2 | 9.4 | 10.1 | (7의 %) | (1의 %) |
Central Items | (6.8) | (6.4) | 8% | 5% |
그룹 | 143.1 | 131.4 | 9% | 2% |
1 Defined in the explanation of non-IFRS measures below.
2 Following a change in regional management structure, Mainland Europe and Middle East have been combined into one reporting unit and India has been reclassified from APAC into EMEA. Prior year comparables have been restated.
Progress on our operational priorities for FY24
Based on my initial assessment of our business and strategy, we had identified five key areas of priority and opportunities for the FY24 period. We have made considerable progress on these areas as per below:
? | 패널 품질: | |
? | Published an industry leading white paper in November 2023 that confirms the steps we have taken to continuously improve data quality in YouGov BrandIndex over the years and how these have allowed the Company to take a market leading position and help raise industry standards. | |
? | Continued to monitor data integrity and tightened the controls used in our key products to address the long-standing industry issue of respondent attention. The focus on panel quality and data integrity is becoming increasingly prevalent and we are starting to see it referenced in client RFPs. | |
| ||
? | 제품 혁신: | |
? | Developed our first category view solution that delivers YouGov BrandIndex alongside category survey data to drive uptake amongst brand clients. The new solution combines benefits of our flagship product and survey methodology as a cost-efficient way of delivering brand tracking at a category level. We expect to launch this product over the coming months, beginning with the automotive sector. | |
? | Continuing to enhance our core products to enable our customers to drive additional value from our existing datasets. During the period, we announced the acquisition of US-based KnowledgeHound to further extend our analytics capabilities. Following its integration, the acquired technology will help improve the UX and UI for our core data products and enable data discovery, integration, and productisation of reports for brands. | |
? | Scaling our newer behavioural products such as YouGov Safe into new markets, expanding the sources of data we collect and connecting it with YouGov Profiles to enable it to be sold as an add-on solution in our smaller markets. | |
? | Established an AI Platform team to assess opportunities for new technological innovation and ways to improve workflow automation. We have successfully launched our first client-facing AI product, YouGov AI Qual Explorer, enabling clients to run qualitative research quickly and cost-effectively using natural language processing. Initial client feedback has been positive with the product already securing its first clients. | |
? | Commercial Rigour: | |
? | Announced the appointment of a new Chief Commercial Officer, Tom Fisher, to lead our new regionally aligned commercial team structure. Having previously led our technology research team, Tom has an excellent track record of expanding share of wallet with clients using our deep, rich dataset and advanced analytics capabilities. | |
? | Signed one of our largest single contracts to date with a multinational media agency. The multi-year contract will embed our syndicated data products in over 20 markets across the agency's different divisions and provides us an opportunity to cross-sell our research services. | |
? | Continued focus on improving business planning and account management through better alignment of incentives, increased performance management and implementing sales-enabling technology systems. | |
? | US Expansion: | |
? | The US remains the largest addressable market opportunity for the Group and we expect the region to be our biggest growth driver for FY24 as technology clients continue to increase their spending on our connected custom trackers. | |
? | The run-up to the US presidential elections in November presents a significant opportunity to increase brand awareness in the region and the pipeline of commercial activities is starting to build up. Testament to our quality and accuracy, FiveThirtyEight (538), the gold standard in data journalism and electoral analysis, recently ranked YouGov in 4th place in its latest Pollster Rankings. | |
| ||
? | YouGov Platform: | |
? | Initial marketing outreach for our self-serve survey tool, YouGov Surveys, has resulted in the onboarding of over 200 paying users, of which about 150 users are new to YouGov. | |
? | In order to drive organic recruitment, we continue to produce engaging content on our public data sites and have seen an increase in click throughs from our public content onto our member and client platform. | |
? | Additionally, we have seen a strong increase in participation from our panel members in the UK and US, from commercially valuable activities to opinion sharing via YouGov Chat to behavioural data sharing. |
Acquisition of CPS
On 9 January 2024, the Group announced that it has completed its acquisition of the Consumer Panel Services of GfK GmbH ("CPS") for a headline purchase price of ?315 million. CPS is an established leader in household purchase data, with panels across 18 European countries, consisting of over 100,000 households.
CPS capabilities are strategically aligned with YouGov, adding highly engaged panels across the European market and technology to capture and analyse consumer purchasing data. The acquisition will support our continued growth by expanding our combined offering to existing clients in our current markets, as well as the opportunity to win new clients and roll out into new markets.
Since the initial acquisition announcement in July 2023, CPS has been trading ahead of expectations set out at the time of the deal. Additionally, the acquired business has successfully renewed all major client contracts, further demonstrating its market leadership and strong client relationships. During the period, the acquired business has also successfully launched panels to enable passive data collection in two new markets. Under the YouGov umbrella, the division intends to continue to invest in strategic growth initiatives that will accelerate its growth in the coming years.
YouGov has launched an integration programme to ensure a measured and seamless transition for all its stakeholders. The integration process is well underway, and the Group has already successfully completed its first research project cross-sell to a CPS client. Over the coming months, YouGov will be working closely with consulting firm, AlixPartners, to design a target operating model for the combined Group that allows us to build on our respective strengths and capitalise on the commercial opportunities ahead of us.
Following the completion of the transaction, the Group revises its medium-term guidance to include the contribution from CPS as follows:
? | Medium-term revenue of £650 million (previously £500m); and |
? | Medium-term adjusted operating profit margin of 25% (unchanged). |
스티브 해치
최고 경영자(CEO)
월 26 2024
최고 재무 책임자의 검토
The Group has delivered a resilient performance in the six months to 31 January 2024. On a reported basis, Group revenue increased 9% to £143.1m in the period compared to £131.4m in the six months to January 2023, largely driven by the acquisition of the CPS business.
Underlying1 revenue growth (excluding foreign exchange movements and contribution from acquisitions) was 2% against a challenging macro-economic environment, continued pressure on client budgets and a high comparable base in H1 FY23 that benefited from increased client spend from the technology sector in the US. The Group's performance was underpinned by stable demand in our Data Products and Research divisions, while general market softness put pressure on discretionary spend.
The Group's results were affected by the net appreciation of £ Sterling as its average exchange rate was 6.2% higher against the USD in this period compared to the six months to 31 January 2023. The £ Sterling was also 0.5% higher against the EUR over the same period. As a result, the net impact of foreign exchange on the Group's adjusted operating profit was a decrease of £2.1m.
Gross Margins were stable at 85% as lower contribution from our high-margin Data Products division was offset by the inclusion of the CPS business.
Group Operating costs (excluding separately reported items) of £93.9m, (HY23: £88.9m) increased by 6% in reported terms and 2% on an underlying1 basis. Group adjusted operating profit (excluding separately reported items) increased to £27.9m (a 23% increase from £22.6m in HY23). Underlying1 operating profit decreased by 4%, when excluding the impact of acquisitions and FX, on the back of slightly lower gross margins and higher IT costs.
The statutory operating profit (which is after charging other separately reported items of £18.4m largely relating to the acquisition of CPS and related debt financing) decreased by £10.9m to £9.5m (HY23 £20.4m).
Performance by Division
Following the acquisition of CPS, the segmental breakdown has been updated to include CPS as a separate division and to combine Custom Research and Data Services, previously shown as separate divisions, into a single division called "Research".
수익 | XNUMX개월 1월 31 2024 £ m | XNUMX개월 1월 31 2023 £ m | 수익 성장 % | Underlying1 수익 변화 % |
데이터 제품 | 41.1 | 41.9 | (2의 %) | 2% |
리써치 | 86.1 | 88.1 | (2의 %) | 1% |
CPS | 14.1 | - | - | - |
Central Items | 1.8 | 1.4 | 29% | 47% |
그룹 | 143.1 | 131.4 | 9% | 2% |
조정 영업 이익1
| XNUMX개월 1월 31 2024 £ m | XNUMX개월 1월 31 2023 £ m | 운영 이익 성장 % | 영업 이익 | |
XNUMX개월 1월 31 2024 | XNUMX개월 1월 31 2023 | ||||
데이터 제품 | 15.9 | 17.5 | (9의 %) | 39% | 42% |
리써치 | 16.1 | 16.0 | 1% | 19% | 18% |
CPS | 8.4 | - | - | 60% | - |
중앙 비용 | (12.5) | (10.9) | 15% | - | - |
그룹 | 27.9 | 22.6 | 23% | 19% | 17% |
1 아래의 비 IFRS 측정에 대한 설명에 정의되어 있습니다.
데이터 제품
Our syndicated data products suite includes YouGov BrandIndex and YouGov Profiles as well as newer behavioural products, such as YouGov Safe.
Revenue from Data Products declined by 2% in reported terms (2% growth on an underlying basis) in the period. Geographically, the UK and EMEA regions benefited from moderate underlying1 growth while Americas was largely flat. Continued pressure on client budgets and higher price competition have partially impacted renewal rates across the Group, offset by sales of new subscriptions, in particular to media agencies.
The adjusted operating profit from Data Products declined by 9% to £15.9m and the operating margin decreased to 39%. During the period, the division also expensed a greater proportion of intangibles software compared to H1 FY23.
리써치
Our Research division combines our legacy Data Services and Custom Research divisions into a single reporting unit. It comprises our fast turnaround research services, such as YouGov RealTime Omnibus, as well as tailored research projects and tracking studies.
In the period, revenue from Research declined by 2% in reported terms and increased by 1% on an underlying basis. Geographically, the UK saw good growth in custom research projects, offset by some weakness in discretionary spend on fast-turnaround research. The Americas saw stable demand from the technology sector despite the high comparable base in the prior year, and weakness in the gaming sector was offset by gains in the FMCG and Retail sector.
The division's adjusted operating profit was stable at £16.1m (HY23 £16.0m) representing an operating profit margin of 19% (HY23: 18%).
Consumer Panel Services (CPS)
Our CPS division provides household purchase data across 18 European countries.
CPS contributed £14.1m of revenue and £8.4m in adjusted operating profit following the completion of the acquisition on 9 January 2024. Due to the nature of CPS data collection and contractual commitments, there is a high volume of client reports delivered in the months of January and July. Most of the CPS revenue is recognised at a point in time per the IFRS 15 definition. This has led to the high level of contribution to Group results during the period.
Profitability by Geography
조정 영업 이익1 | XNUMX개월 1월 31 2024 £ m | XNUMX개월 1월 31 2023 £ m | 운영 이익 성장 % | 영업 이익 | |
XNUMX개월 1월 31 2024 | XNUMX개월 1월 31 2023 | ||||
UK | 7.3 | 6.2 | 18% | 22% | 20% |
미주 | 19.5 | 23.1 | (16의 %) | 32% | 37% |
EMEA | 11.5 | 2.7 | NM | 24% | 8% |
아시아 태평양2 | 0.5 | 1.0 | (50의 %) | 5% | 10% |
중앙 비용 | (10.9) | (10.4) | 4% | - | - |
그룹 | 27.9 | 22.6 | 23% | 19% | 17% |
1 Defined in the explanation of non-IFRS measures below. Adjusted operating profit has been restated to remove customer list amortisation which is now classified as a Separately Reported Item.
2 Following a change in regional management structure, Mainland Europe and Middle East have been combined into one reporting unit and India has been reclassified from APAC into EMEA. Prior year comparables have been restated.
Panel Development
We continue to invest in our online panel to increase our research capabilities, both in our newer geographies and in the US in the run up to the presidential elections. At 31 January 2024, the total number of registered panellists had increased by 15% to over 27 million, compared to 24 million at 31 January 2023, as set out in the table below.
지역 | 패널 크기 1월 31 2024 수백만 | 패널 크기 1월 31 2023 수백만 |
UK | 2.98 | 2.79 |
미주 | 10.09 | 8.76 |
EMEA | 9.70 | 8.28 |
아시아 태평양 | 4.93 | 4.18 |
금액 | 27.70 | 24.01 |
그룹 재무 성과
별도로 보고된 항목
Separately reported items including acquisition related costs of £18.4m are largely comprising of professional services costs related to the acquisition of CPS and related debt financing.
Additionally, YouGov has updated the presentation of separately reported items to include the amortisation costs of acquired customer relationship intangible assets. Therefore, these costs are not included in Group's Adjusted Operating Profit. The change will give a more comparable view of the Group's performance with other market research and technology companies and a more comparable performance metric within our divisions. Amortisation of acquired customer lists, in relation to the acquisition of CPS and LINK Marketing Services AG, amounted to £1.2m for the period ended 31 January 2024 (HY 2023: £0.5m).
금융 비용
Group net finance income increased to £0.9m (HY 2023: £0.6m). Finance income for the six months ended 31 January 2024 was £2.1m, largely due to interest received on bank deposits. Interest payable on our debt facilities amounted to £0.9m during the same period.
세전 이익 및 주당 순이익
Adjusted profit before tax was £30.3m, increasing by 12% compared to £27.1m in HY 2023, largely due to the contribution from the acquisition of CPS. The adjusted tax rate increased from 21% in HY 2023 to 23%. Statutory profit before tax decreased to £10.4m compared to £21.0m in the six months ended 31 January 2023.
During the period adjusted earnings per share has increased by 4% from 19.7p to 20.4p, due to higher taxes and share count. Statutory earnings per share has decreased from 14.7p to 3.7p.
현금 흐름
The Group generated £16.9m (HY23: £30.5m) in cash from operations (before paying interest and tax) including a £7.5m outflow (HY23: £8.6m outflow) from net working capital and after accounting for £18.4m in exceptional costs related to the CPS acquisition and loan financing. Taxation payments for the period totalled £3.3m (HY23: £1.6m).
Amortisation charges for intangible assets totalled £10.7m in the period (HY23: £10.8m) of which £4.8m (HY23: £5.4m) relates to our panel asset and £4.3m (HY23: £4.6m) to our software and technology development activities.
The Group invested £6.0m (HY23: £4.4m) in the continuing advancement of our technology platform while investment in panel recruitment amounted to £3.4m (HY23: £4.8m) as we ramp up member recruitment ahead of key elections. £0.2m (HY23: £0.6m) was spent on the purchase of property, plant and equipment.
In January 2024, the Group completed two acquisitions for a total consideration of £259.7m (net of cash acquired). The consideration was primarily funded through the drawdown of £214.5m in bank loans and existing cash on the balance sheet.
Other cash outflows included £1.9m spent on purchase of treasury shares and the annual shareholder dividend payment of £10.1m (HY23: £7.7m) in December 2023.
The Group is expecting £4.6m of deferred consideration to be paid in the next twelve months in respect of future earn-outs related to acquisitions.
There was a net cash outflow of £53.6m in the period, compared to an inflow of £4.7m in the six months to 31 January 2023. The net cash balance of £53.4m was higher than at 31 January 2023 (£41.4m).
Bank debt and liquidity
During the period, the Group entered into a ?280m debt facility to fund for the acquisition of CPS. This facility comprised of a ?40m Revolving Credit Facility ("RCF") and a ?240m amortising term loan with a tenor of four years ("Term loan"). In January 2024, the full-term loan was drawn and ?10m was drawn on the RCF.
The Group's liquidity position remains strong with £53.4m in cash on the balance sheet and ?30m of the RCF available for drawdown. The Group's net debt as at 31 January 2024 was £162.7m and, excluding the impact of IFRS 16, the Group's leverage ratio1 as of 31 January 2024 was 1.6x. It is the Board's long-term intention for the Group to return to a net cash position.
알렉스 매킨토시
최고 재무 책임자
월 26 2024
1 아래의 비 IFRS 측정에 대한 설명에 정의되어 있습니다.
Explanation of Non-IFRS measures
재정적 조치 | 우리가 그것을 정의하는 방법 | 우리가 그것을 사용하는 이유 |
기본 성장 | Growth in business excluding impact of current and prior period acquisitions and business closures, and movement in exchange rates (i.e. current year performance calculated with exchange rates held constant at prior year rates)
| Provides a more comparable basis to assess the year-to-year operational business performance and is how our performance is reviewed internally |
별도로 보고된 항목 | Items that, in the Directors' judgement, are one-off or need to be disclosed separately by virtue of their size or incidence or excluded to aid comparability
| |
조정 된 영업 이익 | 별도 보고항목을 제외한 영업이익
| |
조정 영업이익률 | 수익의 백분율로 표시되는 조정 영업 이익
| |
세전 조정 이익 | Profit before tax before share based payment charges, imputed interest and separately reported items
| |
조정된 과세 | Taxation due on the adjusted profit before tax, excluding the tax effect of separately reported items
| 기초 세율을 평가하기 위해 보다 비교 가능한 기준을 제공합니다.
|
조정 세율 | 세전 조정 이익의 백분율로 표시되는 조정 과세
| |
세후 조정 이익 | 세전 조정 이익 조정 과세 차감 | 개별적으로 또는 다른 회사와 비교하여 성과 평가를 용이하게 합니다. |
모회사 소유주에게 귀속되는 세후 조정 이익 | 비지배지분에 귀속되는 이익을 차감한 세후 조정 이익 | |
조정 된 주당 수익 | Adjusted profit after tax attributable to owners of the parent divided by the weighted average number of shares. Adjusted diluted earnings per share includes the impact of share options | |
현금 전환 | 조정 EBITDA에 대한 영업으로 창출된 현금의 비율
| Indicates the extent to which the business generates cash from adjusted EBITDA |
순 부채 | Short and long-term borrowings (excluding lease liabilities and including pension defined benefit net deficit) less cash and cash equivalents. | 현재 현금 자원을 고려하여 그룹의 부채 상태에 대한 통찰력을 제공합니다. |
레버리지 비율 | Net debt calculated as a multiple of the last 12 months Adjusted EBITDA. |
Reconciliation of Non-IFRS measures1
조정 EBITDA2 화해
| 여섯 달 에 1월 31 2024 £ m | 여섯 달 에 1월 31 2023 £ m | % 변경 |
조정 된 영업 이익1 | 27.9 | 22.6 | 23% |
감가 상각 | 2.4 | 2.2 | 9% |
상각 | 10.7 | 10.8 | (1의 %) |
조정 EBITDA | 41.0 | 35.6 | 15% |
세전 조정 이익2
| 여섯 달 에 1월 31 2024 £ m | 여섯 달 에 1월 31 2023 £ m | % 변경 |
세전 법정 이익 | 10.4 | 21.0 | (50의 %) |
별도로 보고된 항목 | 18.4 | 2.2 | - |
공유 기반 지불 | 1.5 | 3.8 | - |
세전 조정 이익2 | 30.3 | 27.1 | 12% |
1 See note 6 for reconciliation of adjusted earnings per share.
2 위의 비 IFRS 측정에 대한 설명에 정의되어 있습니다.
유고브 PLC
이사의 책임 성명서
31년 2024월 XNUMX일까지 XNUMX개월간
The Directors confirm that these condensed interim financial statements have been prepared in accordance with International Accounting Standard 34, "Interim Financial Reporting", as adopted by the European Union and that the interim management report includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely:
? | 처음 XNUMX개월 동안 발생한 중요한 사건과 요약된 재무제표에 미치는 영향에 대한 표시, 해당 회계연도의 나머지 XNUMX개월 동안의 주요 위험 및 불확실성에 대한 설명 그리고 |
? | 최초 XNUMX개월 동안의 주요 특수관계자 거래 및 지난 연차보고서에 기술된 특수관계자 거래의 주요 변경 사항. |
The Board of Directors of YouGov plc are:
? | Rosemary Leith - Non-Executive Director3 |
? | Andrea Newman - Non-Executive Director |
? | Ashley Martin - Non-Executive Director |
? | Nick Prettejohn - Non-Executive Director |
? | Shalini Govil-Pai - Non-Executive Director |
? | Devesh Mishra - Non-Executive Director |
? | Stephan Shakespeare - Non-Executive Chair 1 |
? | Steve Hatch - Chief Executive Officer 2 |
? | Alex McIntosh - Chief Financial Officer |
이사회의 명령에 따라:
알렉스 매킨토시
최고 재무담당자(CFO)
26 2024월 XNUMX
1 Appointed on 01 August 2023 upon the retirement of Roger Parry on 31 July 2023
2 Appointed on 01 August 2023
3 Will retire from the board in April 2024.
유고브 PLC
통합 소득 명세서
31년 2024월 XNUMX일까지 XNUMX개월간
| 감사되지 않음 | 감사되지 않음 | 감사 |
| ||
|
| 6 개월 ~ | 6 개월 ~ | 연말 |
| |
|
| 31-월 | 31-월 | 31 7 월 |
| |
|
| 2024 | 2023 | 2023 |
| |
| 주의 사항 | £ m | £ m | £ m |
| |
|
|
| ||||
수익 | 3 | 143.1 | 131.4 | 258.3 |
| |
매출원가 | (21.3) | (19.9) | (37.4) |
| ||
매출 총 이익 | 121.8 | 111.5 | 220.9 |
| ||
관리비 | (112.3) | (91.1) | (176.5) |
| ||
영업 이익 | 9.5 | 20.4 | 44.4 |
| ||
별도로 보고된 항목 | 4 | 18.4 | 2.2 | 4.7 |
| |
조정 된 영업 이익1 | 3 | 27.9 | 22.6 | 49.1 |
| |
|
| |||||
금융 수입 | 2.1 | 0.9 | 1.0 |
| ||
금융 비용 | (1.2) | (0.3) | (0.7) |
| ||
과세 전 이익 | 10.4 | 21.0 | 44.7 |
| ||
과세 | 5 | (6.1) | (5.0) | (10.1) |
| |
과세 후 이익 | 4.3 | 16.0 | 34.6 |
| ||
|
| |||||
원인 : |
|
| ||||
- 부모의 소유자 | 4.3 | 16.1 | 34.5 |
| ||
- 비지배지분 | (0.1) | (0.1) | 0.1 |
| ||
4.2 | 16.0 | 34.6 |
| |||
주당 순이익 |
|
| ||||
Basic earnings per share attributable to the owners of the parent | 6 | 3.7p | 14.7p | 31.5p |
| |
Diluted earnings per share attributable to the owners of the parent | 6 | 3.7p | 14.4p | 30.8p | ||
1 Defined in the explanation of non-IFRS measures. Adjusted operating profit has been restated to remove customer list amortisation which is now classified as a Separately Reported Item. See note 3 for more details.
모든 작업이 계속됩니다.
유고브 PLC
종합 소득에 대한 통합 명세서
31년 2024월 XNUMX일까지 XNUMX개월간
| 감사되지 않음 | 감사되지 않음 | 감사 |
6 개월 ~ | 6 개월 ~ | 연말 | |
31-월 | 31-월 | 31 7 월 | |
2024 | 2023 | 2023 | |
| £ m | £ m | £ m |
해당 기간 동안의 이익 | 4.3 | 16.0 | 34.6 |
기타포괄손익/(비용) |
| ||
당기손익으로 재분류되지 않는 항목 |
| ||
Actuarial (loss)/gains | (0.5) | 0.2 | 0.4 |
차후에 당기손익으로 재분류될 수 있는 항목 |
| ||
통화 환산 차이 | (1.4) | 0.3 | (2.9) |
당기 기타포괄손익/(비용) | (1.9) | 0.5 | (2.5) |
해당 기간 총 포괄 손익 | 2.4 | 16.5 | 32.1 |
| |||
원인 : |
| ||
- 부모의 소유자 | 2.4 | 16.6 | 32.0 |
- 비지배지분 | (0.1) | (0.1) | 0.1 |
해당 기간 총 포괄 손익 | 2.3 | 16.5 | 32.1 |
위 명세서의 항목은 세금을 제외하고 공시됩니다.
유고브 PLC
재무 상태에 대한 통합 명세서
31년 2024월 XNUMX일 현재
|
|
| ||||
| 감사되지 않음 | 감사되지 않음 | 감사 |
| ||
31-Jan-24 | 31-Jan-23 | 31-Jul-23 |
| |||
자산 | 주의 사항 | £ m | £ m | £ m | ||
비유동 자산 | ||||||
친선 | 9 | 263.1 | 83.7 | 82.4 | ||
기타 무형 자산 | 9 | 153.1 | 33.7 | 31.9 | ||
재산, 식물 및 장비 | 9 | 4.6 | 4.0 | 3.6 | ||
자산 사용권 | 9 | 17.5 | 10.4 | 10.1 | ||
이연 법인세 자산 | 14.5 | 11.9 | 11.1 | |||
비유동 자산 | 452.8 | 143.7 | 139.1 | |||
|
|
| ||||
유동 자산 |
| |||||
매출 채권 및 기타 채권 | 75.7 | 58.1 | 55.0 | |||
유동 법인세 자산 | 2.5 | - | 3.0 | |||
현금 및 현금성 자산 | 53.4 | 41.4 | 107.2 | |||
총 유동 자산 | 131.6 | 99.5 | 165.2 | |||
총자산 | 584.4 | 243.2 | 304.3 | |||
|
|
| ||||
부채 |
| |||||
유동 부채 |
| |||||
매입 채무 및 기타 채무 | 87.8 | 61.9 | 64.7 | |||
우발적 고려 |
| 4.6 | 6.6 | 4.4 | ||
식량 | 21.8 | 11.7 | 11.9 | |||
차입금 | 11 | 39.3 | - | - | ||
유동리스부채 |
| 4.4 | 2.8 | 3.1 | ||
현재 세금 부채 | 12.6 | 5.3 | 7.0 | |||
총 유동 부채 | 170.5 | 88.3 | 91.1 | |||
순유동(부채)/자산 | (38.9) | 11.2 | 74.1 | |||
|
|
| ||||
비유동 부채 |
| |||||
우발적 고려 |
| - | 3.0 | - | ||
식량 | 8.0 | 6.7 | 6.8 | |||
Pension defined benefit net liability |
| 2.4 | 2.0 | 1.9 | ||
장기 차입금 | 11 | 174.4 | - | - | ||
장기리스 부채 |
| 13.8 | 8.6 | 8.1 | ||
이연 법인세 부채 | 26.3 | 3.4 | 0.2 | |||
비유동 부채 | 224.9 | 23.7 | 17.0 | |||
총 부채 | 395.4 | 112.0 | 108.1 | |||
순자산 | 189.0 | 131.2 | 196.2 |
유고브 PLC
연결재무상태표(계속)
31년 2024월 XNUMX일 현재
| 감사되지 않음 | 감사되지 않음 | 감사 |
| ||
31-Jan-24 | 31-Jan-23 | 31-Jul-23 |
| |||
자산 | 주의 사항 | £ m | £ m | £ m | ||
공평 |
| |||||
발행된 자본금 | 10 | 0.2 | 0.2 | 0.2 | ||
프리미엄 공유 | 81.1 | 31.5 | 81.1 | |||
합병준비금 | 9.2 | 9.2 | 9.2 | |||
재무 준비금 |
| (12.3) | (15.2) | (19.4) | ||
외환 준비금 | 10.3 | 14.9 | 11.7 | |||
이익 잉여금 | 100.8 | 91.0 | 113.6 | |||
지배기업의 소유주에게 귀속되는 총 자본 | 189.3 | 131.6 | 196.4 | |||
자본에 대한 비지배지분 | (0.3) | (0.4) | (0.2) | |||
총 자본 | 189.0 | 131.2 | 196.2 |
The accompanying accounting policies and notes form an integral part of this financial information.
알렉스 매킨토시
최고 재무담당자(CFO)
월 26 2024
유고브 PLC
연결자본변동표
31년 2024월 XNUMX일까지 XNUMX개월간
회사의 지분 보유자 귀속 |
| ||||||||
주식 자본 | 프리미엄 공유 | 합병준비금 | 자기주식준비금 | 외환 준비금 | 이익 잉여금 | 금액 | 비 지배 지분 | 금액 | |
£ m | £ m | £ m | £ m | £ m | £ m | £ m | £ m | £ m | |
31년 2022월 XNUMX일 잔액 | 0.2 | 31.5 | 9.2 | (9.6) | 14.6 | 79.4 | 125.3 | (0.3) | 125.0 |
보험수리적 이익 | - | - | - | - | - | 0.2 | 0.2 | - | 0.2 |
해외 사업 번역 차액 교환 | - | - | - | - | 0.3 | - | 0.3 | - | 0.3 |
자본에 직접 인식되는 당기순이익 | - | - | - | - | 0.3 | 0.2 | 0.5 | - | 0.5 |
해당 기간 동안의 이익 | - | - | - | - | - | 16.1 | 16.1 | (0.1) | 16.0 |
Total comprehensive income for the period | - | - | - | - | 0.3 | 16.3 | 16.6 | (0.1) | 16.5 |
배당금 지급 | - | - | - | - | - | (7.7) | (7.7) | - | (7.7) |
주식 기반 지불 | - | - | - | - | - | 3.7 | 3.7 | - | 3.7 |
주식기준보상과 관련된 세금 | - | - | - | - | - | (0.7) | (0.7) | - | (0.7) |
자기 주식 취득 | - | - | - | (5.6) | - | - | (5.6) | - | (5.6) |
자본에 직접 인식된 소유주와의 총 거래 | - | - | - | (5.6) | - | (4.7) | (10.3) | - | (10.3) |
31년 2023월 XNUMX일 잔액 | 0.2 | 31.5 | 9.2 | (15.2) | 14.9 | 91.0 | 131.6 | (0.4) | 131.2 |
보험수리적 이익 | - | - | - | - | - | 0.2 | 0.2 | - | 0.2 |
해외 사업 번역 차액 교환 | - | - | - | - | (3.2) | - | (3.2) | - | (3.2) |
자본에 직접 인식되는 당기순이익 | - | - | - | - | (3.2) | 0.2 | (3.0) | - | (3.0) |
해당 기간 동안의 이익 | - | - | - | - | - | 18.4 | 18.4 | 0.2 | 18.6 |
Total comprehensive income for the period | - | - | - | - | (3.2) | 18.6 | 15.4 | 0.2 | 15.6 |
주식의 발행 | - | 49.6 | - | - | - | - | 49.6 | - | 49.6 |
주식 기반 지불 | - | - | - | - | - | 3.9 | 3.9 | - | 3.9 |
주식 옵션 행사를 결제하는 데 사용되는 자기주식 | - | - | - | 0.1 | - | (0.1) | - | - | - |
주식기준보상과 관련된 세금 | - | - | - | - | - | 0.2 | 0.2 | - | 0.2 |
자기 주식 취득 | - | - | - | (4.3) | - | - | (4.3) | - | (4.3) |
자본에 직접 인식된 소유주와의 총 거래 | - | 49.6 | - | (4.2) | - | 4.0 | 49.4 | - | 49.4 |
31년 2023월 XNUMX일 잔액 | 0.2 | 81.1 | 9.2 | (19.4) | 11.7 | 113.6 | 196.4 | (0.2) | 196.2 |
보험수리적 이익/(손실) | - | - | - | - | - | (0.5) | (0.5) | - | (0.5) |
해외 사업 번역 차액 교환 | - | - | - | - | (1.4) | - | (1.4) | - | (1.4) |
자본에 직접 인식되는 당기순이익 | - | - | - | - | (1.4) | (0.5) | (1.9) | - | (1.9) |
해당 기간 동안의 이익 | - | - | - | - | - | 4.3 | 4.3 | (0.1) | 4.2 |
Total comprehensive income for the period | - | - | - | - | (1.4) | 3.8 | 2.4 | (0.1) | 2.3 |
배당금 지급 | - | - | - | - | - | (10.1) | (10.1) | - | (10.1) |
주식 기반 지불 | - | - | - | - | - | 2.6 | 2.6 | - | 2.6 |
주식 옵션 행사를 결제하는 데 사용되는 자기주식 | - | - | - | 9.0 | - | (9.0) | - | - | - |
주식기준보상과 관련된 세금 | - | - | - | - | - | (0.1) | (0.1) | - | (0.1) |
자기 주식 취득 | - | - | - | (1.9) | - | - | (1.9) | - | (1.9) |
자본에 직접 인식된 소유주와의 총 거래 | - | - | - | 7.1 | - | (16.6) | (9.5) | - | (9.5) |
31년 2024월 XNUMX일 잔액 | 0.2 | 81.1 | 9.2 | (12.3) | 10.3 | 100.8 | 189.3 | (0.3) | 189.0 |
유고브 PLC
연결현금흐름표
31년 2024월 XNUMX일까지 XNUMX개월간
감사되지 않음 | 감사되지 않음 | 감사 | |
6 개월 ~ | 6 개월 ~ | 연말 | |
31 1월 | 31 1월 | 7월 31 | |
2024 | 2023 | 2023 | |
£ m | £ m | £ m | |
| |||
영업 활동으로 인한 현금 흐름 |
| ||
과세 전 이익 | 10.4 | 21.0 | 44.7 |
다음에 대한 조정 : |
| ||
금융 수입 | (1.5) | (0.9) | (0.3) |
금융 비용 | 1.2 | 0.3 | 0.7 |
무형자산의 상각 | 10.7 | 10.8 | 21.0 |
감가 상각 | 2.4 | 2.2 | 4.3 |
주식 기반 지불 | (0.1) | 3.7 | 7.6 |
기타 비 현금 항목 | 1.3 | 2.2 | (2.5) |
이연대가의 정산 | - | (0.2) | (2.3) |
(Increase) in trade and other 채권 | (2.4) | (4.5) | (0.1) |
(Decrease) in trade and other 미지급금 | (5.9) | (4.4) | (3.1) |
충당금 증가 | 0.8 | 0.3 | (1.0) |
운영에서 발생하는 현금 | 16.9 | 30.5 | 69.0 |
이자 지급 | (0.3) | (0.3) | (0.5) |
납부 한 소득세 | (3.3) | (1.6) | (9.3) |
영업 활동에서 발생한 순 현금 | 13.3 | 28.6 | 59.2 |
투자 활동으로 인한 현금 흐름 |
| ||
자회사 취득(현금취득 순액) | (259.7) | - | - |
부동산, 플랜트 및 장비 구매 | (0.2) | (0.6) | (1.1) |
무형 자산 매입 | (9.4) | (9.2) | (16.3) |
받은이자 | 1.5 | - | 0.3 |
투자 활동에 사용 된 순 현금 | (267.8) | (9.8) | (17.1) |
금융 활동으로 인한 현금 흐름 |
| ||
Proceeds from issue of share capital (net of costs) | - | - | 49.8 |
리스 지불의 주요 요소 | (1.6) | (0.8) | (3.2) |
은행대출 인출 | 214.5 | - | - |
주주에게 지급된 배당금 | (10.1) | (7.7) | (7.7) |
자사주 매입 | (1.9) | (5.6) | (9.8) |
자금 조달 활동에서 / (사용된) 순 현금 | 200.9 | (14.1) | 29.1 |
현금및현금성자산의 순증가/(감소) | (53.6) | 4.7 | 71.2 |
기간 초기 현금 및 현금성 자산 | 107.2 | 37.4 | 37.4 |
Exchange (loss) on cash and cash equivalents | (0.2) | (0.7) | (1.4) |
기말의 현금 및 현금성 자산 | 53.4 | 41.4 | 107.2 |
유고브 PLC
notes to the CONDENSED consolidated interim financial statements
31년 2024월 XNUMX일까지 XNUMX개월간
1 일반 정보
YouGov plc 및 자회사("그룹")의 주요 활동은 디지털 시장 조사 제공입니다.
YouGov plc("회사")는 그룹의 최종 모회사입니다. 영국에 설립되어 주소를 둔 공개 유한회사입니다. YouGov plc의 등록 사무소 주소는 50 Featherstone Street, London EC1Y 8RT, United Kingdom입니다. YouGov plc의 주식은 런던 증권 거래소의 대체 투자 시장에 상장되어 있습니다.
YouGov plc's condensed consolidated interim financial statements are presented in UK Sterling, which is also the functional currency of the Company. Figures are rounded to the nearest million UK Sterling, unless otherwise indicated.
These condensed consolidated interim financial statements have been approved for issue by the Board of Directors of YouGov plc (the "Board") on 26 March 2024.
This condensed consolidated interim financial information for the six months ended 31 January 2024 does not comprise statutory accounts within the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 July 2023 were approved by the Board on 11 2023년 XNUMX월 and delivered to the Registrar of Companies. The report of the auditors on those accounts was unqualified, did not contain an emphasis of matter paragraph and did not contain any statement under section 498 of the Companies Act 2006. The consolidated financial statements of the Group for the year ended 31 July 2023 are available from the Company's registered office or website (https://corporate.yougov.com).
This condensed consolidated interim financial information is unaudited and not reviewed by the auditors.
2 준비의 기초
These condensed consolidated interim financial statements for the six months ended 31 January 2024 have been prepared in accordance with the Disclosure and Transparency Rules of the Financial Services Authority and IAS 34 "Interim Financial Reporting" as contained in UK-adopted IFRS. The condensed consolidated interim financial statements should be read in conjunction with the annual financial statements for the year ended 31 July 2023, which has been prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 applicable to companies reporting under IFRS. There has been no change in accounting policies and principal risks and uncertainties in the interim financial statements since the last annual financial statements.
회계 추정 및 판단
The preparation of interim financial information requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of income, expenses, assets and liabilities. All significant estimates and judgements made by management were consistent with those applied to the consolidated financial statements for the year ended 31 July 2023.
3 부분 분석
The Board of Directors (which is the "chief operating decision-maker") primarily reviews information based on product lines. Following the acquisition of Consumer Panel Services ("CPS") (see note 7), the presentation has been updated to include CPS as a separate division and to combine Custom Research and Data Services, previously shows as separate divisions, into a single division called "Research".
In addition, amortisation related to customer relationships intangible assets is now being treated as a Separately Reported item (see note 4). £1.2m amortisation for the 6 months ended 31 January has been restated as a separately reporting item, with a corresponding increase in the adjusted operating profit.
For the six months to 31 January 2024 (Unaudited)
| 리써치 | 데이터 제품 | CPS | 제거 및 할당되지 않은 비용 | 그룹 | |||||||||||
£ m | £ m | £ m | £ m | £ m | ||||||||||||
수익 |
|
|
|
|
| |||||||||||
시간이 지남에 따라 인식 | 24.3 | 40.8 | 0.3 | 1.6 | 67.0 | |||||||||||
특정 시점에서 인식 | 61.8 | 0.3 | 13.8 | 0.2 | 76.1 | |||||||||||
총 수익 | 86.1 | 41.1 | 14.1 | 1.8 | 143.1 | |||||||||||
매출원가 | (15.1) | (3.7) | (0.6) | (1.9) | (21.3) | |||||||||||
매출 총 이익 | 71.0 | 37.4 | 13.5 | (0.1) | 121.8 | |||||||||||
관리비 | (54.9) | (21.5) | (5.1) | (12.4) | (93.9) | |||||||||||
조정영업이익/(손실) | 16.1 | 15.9 | 8.4 | (12.5) | 27.9 | |||||||||||
별도로 보고된 항목 |
|
|
|
| (18.4) | |||||||||||
영업이익/(손실) |
|
|
|
| 9.5 | |||||||||||
순금융소득 |
|
|
|
| 0.9 | |||||||||||
과세 전 이익 |
|
|
|
| 10.4 | |||||||||||
과세 |
|
|
|
| (6.1) | |||||||||||
과세 후 이익 |
|
|
|
| 4.3 | |||||||||||
|
|
|
|
|
|
| ||||||||||
For the six months to 31 January 2023 (Unaudited) | 리써치1 | 데이터 제품 | CPS | 제거 및 할당되지 않은 비용 | 그룹 |
| ||||||||||
£ m | £ m | £ m | £ m | £ m |
| |||||||||||
수익 |
|
|
|
|
|
| ||||||||||
시간이 지남에 따라 인식 | 24.0 | 41.7 | - | 0.6 | 66.3 |
| ||||||||||
특정 시점에서 인식 | 64.1 | 0.2 | - | 0.8 | 65.1 |
| ||||||||||
총 수익 | 88.1 | 41.9 | - | 1.4 | 131.4 |
| ||||||||||
매출원가 | (15.6) | (3.0) | - | (1.3) | (19.9) |
| ||||||||||
매출 총 이익 | 72.5 | 38.9 | - | 0.1 | 111.5 |
| ||||||||||
관리비 | (56.5) | (21.4) | - | (11.0) | (88.9) |
| ||||||||||
조정영업이익/(손실)2 | 16.0 | 17.5 | - | (10.9) | 22.6 |
| ||||||||||
별도로 보고된 항목 | (2.2) |
| ||||||||||||||
영업 이익 | 20.4 |
| ||||||||||||||
순금융소득 | 0.6 |
| ||||||||||||||
과세 전 이익 | 21.0 |
| ||||||||||||||
과세 | (5.0) |
| ||||||||||||||
과세 후 이익 | 16.0 |
| ||||||||||||||
|
|
|
|
|
| |||||||||||
|
| |||||||||||||||
1 Comparatives have been restated to combine Data Services and Custom Research into Research, as explained above.
2 Adjusted operating profit has been restated to remove customer list amortisation which is now classified as a Separately Reported Item.
3 SEGMENTAL ANALYSIS (continued)
지역별 보충 분석
| Six months to 31 January 2024 (Unaudited) | Six months to 31 January 2023년(미감사) | ||
| 수익 | 조정 된 영업 이익 | 수익 | 조정 된 영업 이익3 |
| £ m | £ m | £ m | £ m |
UK | 32.8 | 7.3 | 31.1 | 6.2 |
미주1 | 60.5 | 19.5 | 63.0 | 23.1 |
EMEA 2 | 47.2 | 11.5 | 33.6 | 2.7 |
아시아 태평양 | 9.4 | 0.5 | 10.1 | 1.0 |
Intra-group revenues/unallocated costs | (6.8) | (10.9) | (6.4) | (10.4) |
그룹 | 143.1 | 27.9 | 131.4 | 22.6 |
1 Americas refers to the US, Canada and Latin America. KnowledgeHound results have been included in Americas.
2 EMEA refers to Mainland Europe, Middle East and India. Following a change in regional management structure, Mainland Europe and Middle East have been combined into one reporting unit and India has been reclassified from APAC into EMEA. Prior period comparatives have been restated. CPS results have been included in EMEA.
3 Adjusted operating profit has been restated to remove acquired customer list amortisation which is now classified as a Separately Reported Item.
4 SEPARATELY REPORTED ITEMS
| 감사되지 않음 | 감사되지 않음 | 감사 |
6 개월 ~ | 6 개월 ~ | 연말 | |
| 31-월 | 31-월 | 31 7 월 |
| 2024 | 2023 | 2023 |
| £ m | £ m | £ m |
취득 관련 비용 | 16.4 | 0.2 | 5.0 |
Consideration treated as staff costs | 0.8 | 1.5 | (1.1) |
Amortisation of acquired customer list | 1.2 | 0.5 | 0.8 |
18.4 | 2.2 | 4.7 |
Acquisition related costs comprise professional services costs related to the CPS acquisition including investment banking deal fees, legal fees, bridge facility, accounting services (Purchase Price Accounting and due diligence) and, integration costs and other incidental costs.
YouGov has updated the presentation of separately reported items to include the amortisation costs of acquired customer relationship intangible assets. Therefore, these costs are not included in Group's Adjusted Operating Profit. The change will give a more comparative view of Group's performance with other market research and technology companies and a more comparable performance metric within our divisions. These costs were £1.2m for the period ended 31 January 2024.
5 과세
| 감사되지 않음 | 감사되지 않음 | 감사 |
6 개월 ~ | 6 개월 ~ | 연말 | |
| 31 1월 | 31 1월 | 7월 31 |
| 2024 | 2023 | 2023 |
| £ m | £ m | £ m |
Current taxation charge | 6.9 | 5.7 | 14.4 |
Deferred taxation (credit) | (0.8) | (0.7) | (4.3) |
손익계산서 세금 총계 | 6.1 | 5.0 | 10.1 |
The tax charge for the period has been calculated based on the expected tax rates for the full year in each country.
6 주당 수익
| 감사되지 않음 | 감사되지 않음 | 감사 |
6 개월 ~ | 6 개월 ~ | 연말 | |
| 31 1월 | 31 1월 | 7월 31 |
주식수 | 2024 | 20231 | 20231 |
Weighted average number of shares during the period: (million shares) | |||
- 기초적인 | 115.3 | 109.7 | 109.6 |
- Dilutive effect of share options | 2.5 | 2.4 | 2.5 |
- 희석 | 117.8 | 112.1 | 112.1 |
기본주당순이익(펜스) | 3.7p | 14.7p | 31.5p |
조정된 기본 주당 순이익 (펜스) | 20.4p | 19.7p | 41.1p |
희석주당순이익(펜스) | 3.7p | 14.4p | 30.8p |
조정된 희석 주당 순이익(펜스) | 19.9p | 19.3p | 40.1p |
조정은 다음과 같은 효과가 있습니다. | |||
기본주당순이익(펜스) | 3.7p | 14.7p | 31.5p |
주식 기반 지불 | 2.2p | 3.4p | 6.9p |
주식기준보상금에 대한 사회세 | (0.8p) | 0.1p | - |
귀속된 관심 | - | - | 0.3p |
별도로 보고된 항목 |
16.0p |
2.1p | 4.2p |
상기 조정 및 조정 세목 항목의 조세 효과 | (0.7p) | (0.6p) | (1.8p) |
조정된 기본 주당순이익(펜스) | 20.4p | 19.7p | 41.1p |
| |||
희석주당순이익(펜스) | 3.7p | 14.4p | 30.8p |
주식 기반 지불 | 2.0p | 3.3p | 6.7p |
주식기준보상금에 대한 사회세 | (0.8p) | 0.1p | - |
귀속된 관심 | - | - | 0.3p |
별도로 보고된 항목 | 15.7p | 2.1p | 4.1p |
상기 조정 및 조정 세목 항목의 조세 효과 | (0.7p) | (0.6p) | (1.8p) |
조정된 희석 주당 순이익(펜스) | 19.9p | 19.3p | 40.1p |
1 Adjusted basic and diluted earnings per share have been restated to reflect the change in the presentation of acquired customer list amortisation as detailed in Note 4.
7 BUSINESS COMBINATIONS
Summary of acquisitions during the period ended 31 January 2024
During the period, the Group completed two acquisitions. For both acquisitions the Group obtained control through acquiring 100% of the voting equity interest.
획득 | 취득일 | 지역/국가 | 취득의 주된 이유 | 주요 활동 |
KnowledgeHound | 1월 08 2024 | US | Expansion of data analytics offering | SaaS-based search-driven analytics platform |
Gold CP Holding BV ("CPS") | 1월 09 2024 | 유럽 | Growth and expansion within Europe and new product offering | European household market research company |
CPS is a leading European provider of data intelligence, primarily for the fast-moving consumer goods (FMCG) industry. The company tracks household FMCG purchases through a panel consisting of approximately 100 thousand households across 18 countries, providing granular views into customer purchasing data and insights into customer behaviour and purchasing patterns.
KnowledgeHound provides a SaaS platform which allows its customer base to maximize the use of data obtained from surveys. They do this by processing data sets at predetermined sizes and providing clients access through web portals to all-in-one search, visualization, and an insights delivery platform. Customers sign up to single or multi-year contracts and are invoiced annually in advance. KnowledgeHound is based in Chicago, Illinois and operates in variety of industries, including Technology, Consumer, Pharma, Media and Insurance.
The provisional amounts recognised for each class of assets and liabilities acquired is as follows:
KnowledgeHound £ m | CPS £ m
| 금액 £ m | |
무형 자산 | 3.1 | 119.9 | 123.0 |
유형 자산 | - | 8.5 | 8.5 |
현금 | 0.1 | 16.8 | 16.9 |
유동 자산1 | 1.3 | 27.8 | 29.1 |
유동 부채 | (2.8) | (39.1) | (41.9) |
비유동 부채3 | - | (39.0) | (39.0) |
취득한 순자산 | 1.7 | 94.9 | 96.6 |
취득에 대한 영업권 | 4.5 | 175.6 | 180.1 |
총 고려2 | 6.2 | 270.5 | 276.7 |
¹ The carrying value of acquired receivables at the acquisition date is the same as their fair value. The gross contractual amounts receivable are £1.2m for KnowledgeHound and £18m for CPS.
2 Total consideration includes initial cash acquired on acquisition net of any debt assumed and working capital adjustments.
3 Non-current liabilities largely relate to Deferred tax liability.
Provisional Purchase Price Allocation
The above are provisional allocations of the purchase prices as the acquisition happened in January 2024. Reviews are being performed with external valuation advisors to refine these estimates. This will be undertaken before the full year financial statements are published.
7 BUSINESS COMBINATIONS (continued)
공정 가치
Fair value adjustments included the recognition of the fair value of customer relationships and panel for CPS and software development in relation to KnowledgeHound. There are no fair value adjustments in relation to the consideration paid.
친선
The goodwill amount in relation to KnowledgeHound is attributable to the workforce and the future economic benefits from bringing this tool into YouGov. The goodwill amounts in relation to CPS is attributable to the workforce and the future benefit to YouGov of being able to engage with new audiences in Europe and America. None of those goodwill amounts are deductible for tax purposes.
취득 관련 비용
Acquisition related costs incurred as part of the business combinations are disclosed in Note 4. These have also been recognised in the income statement in the period as separately reported items.
수익 및 이익 기여도
From the date of acquisition, the acquired businesses have contributed the following revenue and profit before and after taxation attributable to the equity holders of YouGov plc as outlined in the table below:
수익 | 세전 이익/(손실) | 세후 이익/(손실) | |||
£ m | £ m | £ m | |||
KnowledgeHound | 0.2 | 0.0 | 0.0 | ||
Gold CP Holding BV (CPS) | 14.1 | 7.5 | 5.6 | ||
14.3 | 7.5 | 5.6 |
If these acquisitions had occurred on 1 August 2023, the acquired businesses would have contributed the following revenue and profit before and after taxation attributable to the equity holders YouGov plc as outlined in the table below. The amounts below are unaudited.
수익 | 세전 이익/(손실) | 세후 이익/(손실) | |||
£ m | £ m | £ m | |||
KnowledgeHound | 1.5 | (0.5) | (0.5) | ||
Gold CP Holding BV (CPS) | 65.3 | 15.7 | 11.8 | ||
66.8 | 15.2 | 11.3 |
8 DIVIDEND
On 11 December 2023 a final dividend in respect of the year ended 31 July 2023 of £10.1m (8.75p per share) (2022: £7.7m, 7.0p per share) was paid to shareholders. No interim dividend is proposed in respect of the period (2023: £nil).
9 GOODWILL, INTANGIBLE ASSETS, PROPERTY, PLANT AND EQUIPMENT AND RIGHT OF USE ASSETS
| 친선 | 기타 무형 자산 | 재산, 식물 및 장비 | 자산 사용권 |
| £ m | £ m | £ m | £ m |
31년 2022월 XNUMX일의 장부금액 | 80.4 | 38.0 | 4.2 | 11.3 |
추가 : | ||||
별도로 취득 | - | 5.7 | 0.6 | 0.5 |
내부 개발 | - | 3.5 | - | - |
상각 및 감가상각 | - | (10.8) | (0.8) | (1.4) |
Fair value updates | 2.7 | (2.9) | - | - |
차액 교환 | 0.6 | 0.2 | - | - |
31년 2023월 XNUMX일 현재 장부금액 | 83.7 | 33.7 | 4.0 | 10.4 |
추가 : | ||||
별도로 취득 | - | 4.8 | 0.5 | 1.2 |
내부 개발 | - | 4.3 | - | - |
상각 및 감가상각 | - | (10.2) | (0.9) | (1.2) |
차액 교환 | (1.3) | (0.7) | - | (0.3) |
31년 2023월 XNUMX일의 장부금액 | 82.4 | 31.9 | 3.6 | 10.1 |
추가 : |
|
|
|
|
사업결합을 통해 | 180.1 | 123.0 | 1.0 | 7.5 |
별도로 취득 | - | 6.4 | 0.8 | 0.9 |
내부 개발 | - | 2.2 | - | - |
상각 및 감가상각 | - | (11.0) | (0.8) | (1.9) |
차액 교환 | 0.6 | 0.6 | - | 0.9 |
31년 2024월 XNUMX일 현재 장부금액 | 263.1 | 153.1 | 4.6 | 17.5 |
In accordance with the Group's accounting policy, the carrying values of goodwill and other intangible assets are reviewed for impairment annually. A full impairment test was undertaken as at 30 April 2023 with no impairment. There are currently no indications of impairment.
10 SHARE CAPITAL
| 주식수 |
주식 자본 |
31년 2023월 XNUMX일 | 111,468,605 | 0.2 |
주식의 발행 | 5,605,789 | - |
31년 2023월 XNUMX일 | 117,074,394 | 0.2 |
주식의 발행 | 23,635 | - |
31년 2024월 XNUMX일 | 117,098,029 | 0.2 |
The Company has only one class of share. The par value of each Ordinary Share is 0.2p (2023: 0.2p). All issued shares are authorised and fully paid. Shares issued in the year were in respect of the exercise of 23,635 share options at 0.2p per share.
11 SECURED LOANS
The Group has entered into a ?280m debt facility to fund the acquisition of CPS. This facility comprises of ?40m Revolving Credit Facility ("RCF") and a ?240m amortising term loan with a tenor of four years ("Term loan"). In January 2024 the full-term loan together with ?10m of the RCF was drawn. The applicable interest rate for both facilities is EURIBOR plus a margin paid quarterly. As at 31 January, ?30m of the RCF was available to fund any additional liquidity requirements of the Group. The loan facility has an agreed annual repayment schedule with the first repayment, of 15%, being in October 2024 and this forms part of short-term borrowings. The RCF drawn is repayable in April 2024. The facilities are subject to financial covenants for interest cover and leverage assessed annually.
12 금융 자산과 금융 부채의 공정 가치
Where market values are not available, fair values of financial assets and financial liabilities have been calculated by discounting expected future cash flows at prevailing interest rates and by applying year end foreign exchange rates.
The book value of the Group's primary financial instruments are equal to their fair values. The primary categories are Trade and other receivables, Cash and cash equivalents and Trade and other payables as shown in the Consolidated Statement of Financial Position.
13 TRANSACTIONS WITH DIRECTORS AND OTHER RELATED PARTIES
Other than emoluments, there were no other transactions with Directors during the period. Trading between YouGov plc and Group companies is excluded from the related party note as this has been eliminated on consolidation.
보고기간 이후 발생한 사건 14건
No material events have taken place subsequent to the reporting date.
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