Informa results satisfy despite COVID-19 impact

0 mins. to read
Informa results satisfy despite COVID-19 impact
Master Investor Magazine

Master Investor Magazine 60Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 100 exhibitions firm Informa (LON:INF) saw its share price rise by 4.22% to 587.80p (as of 15:00 GMT) after revenues for 2019 improved by 22%. Operating profits for the year climbed by 48.2% during 2019.

CEO Stephen A. Carter commented: “Our subscriptions-related businesses, which account for around 35% of revenue, continue to grow consistently. However, we are facing a 2020 impact from COVID-19 in our Events-related businesses and so we have used our strong customer and supplier relationships to swiftly deploy a material Postponement Programme, shifting our Events Calendar to later dates in 2020. Our Brands and strong platforms continue to provide attractive opportunities for further market specialisation and future growth“.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *