Informa grows on positive revenue update

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Informa grows on positive revenue update
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International events and information services firm Informa (LON:INF) has said that trading in the 10 months ended 31st October was positive with underlying revenues up by 3.9%.

Chief executive Stephen A. Carter said: “At Informa, we remain focused on delivering improving growth and returns, whilst effectively combining UBM into the Informa Group to create brands and platforms for future growth and scale.

With more than 60% of our revenue forward booked and recurring, we have good forward visibility. Similarly, our increased international breadth, in particular our strong positions in the US, Asia and the Middle East, leave us well placed to meet expectations.

As ever, the last two months of the year are important, particularly in our more retail and transactional businesses but we remain confident of delivering a further year of growth in revenue, profit, earnings, dividends and cashflow“.

Informa’s share price climbed by 2.48% to 709.40p (as of 14:40 GMT).

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