Informa results satisfy despite COVID-19 impact

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Informa results satisfy despite COVID-19 impact
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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“.

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