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Highlights:
Informa on track to meet full-year targets: The events and digital services company is on course to achieve its updated full-year revenue and profit guidance.
Growth driven by strong performance in India and the Middle East: Expansion in the India, Middle East, and Africa (IMEA) regions has contributed to the company's positive growth trajectory.
Double-digit revenue growth recorded: Informa has reported a 10.7% increase in underlying revenue for the first ten months of 2024.
Informa, (LSE:INF) the FTSE 100-listed events and digital services giant, has announced it remains on track to meet its full-year financial guidance, bolstered by growth in key international markets. The company’s positive performance is largely attributed to its expanding presence in India and the Middle East, which has been central to its broader market strategy.
The company has upgraded its forecast for the year, projecting revenues to exceed £3.5 billion, with adjusted operating profit reaching £975 million. Additionally, free cash flow is anticipated to rise to £750 million. Informa has experienced broad-based growth across all major regions, with the India, Middle East, and Africa (IMEA) markets contributing significantly to this performance. The company reported a 10% expansion in its market footprint in these regions, underscoring the success of its regional strategies.
For the first ten months of 2024, Informa recorded a 10.7% increase in underlying revenue, driven by the continued momentum in its core events and digital services business. This solid growth reflects the company's effective approach to diversifying its operations and increasing its global reach, particularly in high-growth regions like India and the Middle East.
Informa’s performance highlights its ability to capitalize on the expanding demand for its events and digital solutions, reinforcing its position as a leader in the global events sector. The company remains focused on executing its growth strategy and expanding its presence in key international markets, positioning itself for continued success through the remainder of 2024 and beyond.
