Informa reaffirms annual guidance as revenue grows 10.7%

Events and digital services group Informa on Tuesday reaffirmed its recently upgraded full-year guidance as revenues in the first 10 months of the year grew 10.7% and said strong forward booking were providing momentum into 2025.

FTSE 100

8,076.83

10:25 19/11/24

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FTSE 350

4,455.89

10:25 19/11/24

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FTSE All-Share

4,413.87

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Informa

836.00p

10:25 19/11/24

-2.25%

-19.20p

Media

12,550.76

10:25 19/11/24

-0.93%

-117.95

The company forecast double-digit underlying revenue growth; updating for the now completed Ascential acquisition and currency movements which would take full year group Revenue guidance to at least £3.5bn and adjusted operating profit to £975m.

Free cash flow was lifted to at least £750m after a strong performance on operating cash conversion.

Reporting by Frank Prenesti for Sharecast.com