19th Nov 2024 08:55
(Alliance News) - Informa PLC on Tuesday noted healthy growth this year as it aims for a further climb in underlying revenue.
The London-based business information publisher and events organiser said it had double-digit underlying revenue growth across the first ten months of 2024 at about 11%, including 11% in business-to-business markets and 10% in academic markets.
Informa reported growth in all major regions, and highlighted a market expansion in India, Middle East & Africa.
The company added that structural growth in B2B and Academic markets created a "strong platform for growth".
Under the 2025-2028 'one Informa' programme, the company aims to deliver sustainable 5% or more underlying revenue growth "and consistently strong shareholder returns."
Informa reconfirmed financial guidance for 2024, expecting revenue of over GBP3.5 billion, up at least 9.7% from GBP3.19 billion in 2023, and adjusted operating profit of over GBP975 million, up at least 14% from GBP854 million.
Informa shares fell 2.1% to 837.60 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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