19th May 2016 06:42
LONDON (Alliance News) - Events and publishing group Informa PLC on Thursday said it remains confident it will meet its expectations for the full year as it has continued to make good progress in 2016 to date despite some macroeconomic uncertainty weighing on markets.
Informa, which joined the FTSE 100 index in March, said its saw a strong operating performance and profit growth in its Global Exhibitions business, where 45% of the annual revenue for the business has already traded.
Annualised contract values grew in the Business Intelligence division, with client renewal rates approaching 90%, Informa said, while its Academic Publishing business delivered a consistent performance, leaving the group anticipating another year of organic growth for the unit.
Revenue growth was also seen in the Knowledge & Networking division, particularly for large, branded events, underpinning a target of hitting flat organic growth for the full year.
"Across Informa, the focus on growth continues, and we remain on track to deliver full-year growth in revenue, earnings and dividends," said Chief Executive Stephen Carter.
By Sam Unsted; [email protected]; @SamUAtAlliance
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