Informa sees FY earnings at upper end of forecasts

Events group Informa on Friday said it was on track to deliver earnings at the upper end of guidance as revenues grew by 10.1% in the year to date.

Sales hit £1.4bn in the period, with a further £1bn of subscriptions/exhibitor revenue committed and visible in 2024, and strong events rebooking into 2025, the company said in a statement ahead of its annual general shareholder meeting.

It now expects high single-digit underlying revenue growth to a range of £3.45bn to £3.5bn. Adjusted operating profit of £950m to £970m and adjusted free cash flow of £720m.

Reporting by Frank Prenesti for Sharecast.com