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Informa reaffirms outlook on 'strong' trading
(Sharecast News) - Publishing and events specialist Informa reiterated its full-year outlook on Tuesday, on the back of ongoing strong trading. Updating on trading in the 10 months to October end, the blue chip said underlying revenues had grown by 6.6%.
Driving the growth was strong trading in its core business-to-business live events division, which saw revenues spark 8.7%.
That helped offset slower growth of 3% in academic markets, and a 2.7% decline in underlying revenues at its digital business, Informa TechTarget.
As a result, Informa said it remained on track on meet expectations for underlying group revenue growth of 6% this year, and adjusted earnings per share growth of more than 10%.
Stephen Carter, chief executive, said: "Informa continues its strong operating performance, delivering further revenue, profit and earnings growth this year and with continuing momentum into next year."
Informa also flagged likely revenue growth in 2026, with more than £1bn already booked or committed through subscriptions, pre-booked exhibitor revenues and forward-booked contracts.
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