6th Mar 2025 11:44
(Alliance News) - Informa PLC on Thursday said it expects to grow revenue further, as it celebrated an "outstanding" 2024.
The London-based business information and events company said pretax profit fell 17% to GBP407.3 million in 2024 from GBP492.1 million in 2023.
Adjusted pretax profit, however, rose 9.7% to GBP915.4 million from GBP834.6 million. Adjusted profit excludes accounting items such as fair value gain on contingent consideration, which was GBP29.5 million in 2024, down from GBP87.6 million in 2023.
Revenue grew 11% to GBP3.55 billion from GBP3.19 billion.
Cost of sales increased 8.7% to GBP1.21 billion from GBP1.12 billion. Other operating costs increased 12% to GBP249.7 million from GBP222.5 million. Staff costs came in 9.3% higher at GBP984.0 million from GBP900.6 million.
Informa proposed a final dividend of 13.6p, up 11% from 12.2p a year ago. This brings the total payout for 2024 to 20.0p, up 11% from 18.0.
Chief Executive Officer Stephen Carter said: "On every measure, the Informa group delivered an outstanding result in 2024, from revenue growth to higher dividend returns, alongside further international and portfolio expansion. This is a performance we aim to repeat in 2025."
Looking ahead, the company targets underlying revenue growth over 5% before any contribution from inorganic additions.
Informa targets revenue over GBP4.1 billion for 2025, up about 15% from 2024.
Shares were down 3.1% to 794.40 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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