11th Nov 2019 07:57
(Alliance News) - Informa PLC on Monday confirmed its annual revenue guidance and expressed confidence in the "strength and resilience" of future growth.
The FTSE 100-listed events and publishing company said it has continued to perform well in the ten months to the end of October, with underlying revenue growth of 2.8%.
Looking ahead, Informa said November and December are "significant" trading months, representing round 20% of annual revenue, with November alone accounting for more than GBP350 million.
Informa explained that this includes a "key period" for subscription renewals and consulting business at Informa Intelligence, Informa Tech and Taylor & Francis, whilst the company also runs a number of events, including CPhI Worldwide, CPhI India, BioEurope, AI Summit, AfricaCom, and Blackhat Europe.
Further, Informa confirmed its revenue guidance of 3.5% growth for the year. In 2018, the company delivered revenue of GBP2.37 billion, meaning that it expects to report about GBP2.45 billion.
"After ten months trading in 2019, despite an unpredictable economic/geo-political backdrop, the enlarged Informa Group continues to demonstrate resilience and performance, remaining on track for a sixth consecutive year of growth in underlying revenue, profit, adjusted earnings and cashflow," said Chief Executive Stephen Carter.
By Evelina Grecenko; [email protected]
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