Informa publishes Trading Update

Informa on Friday released a trading update for the 10-months ending 31 October 2018.

Informa publishes Trading Update

As reported by Informa:

Key Highlights

* Trading in line with expectations and on track for the full year

* Group underlying revenue growth of +3.9% for the ten months to 31 October 2018

* Combination phase of Accelerated Integration Plan for UBM completed on schedule

* 2019 Capital Markets Day confirmed for May 10th 2019 in London

Stephen A. Carter, Group Chief Executive, said: “At Informa, we remain focused on delivering improving growth and returns, whilst effectively combining UBM into the Informa Group to create brands and platforms for future growth and scale.”

He added: “With more than 60% of our revenue forward booked and recurring, we have good forward visibility. Similarly, our increased international breadth, in particular our strong positions in the US, Asia and the Middle East, leave us well placed to meet expectations.”

He concluded: “As ever, the last two months of the year are important, particularly in our more retail and transactional businesses but we remain confident of delivering a further year of growth in revenue, profit, earnings, dividends and cashflow.”

Ten-Month Trading Highlights

We remain focused on delivery, reporting underlying revenue growth for the standalone Informa Group, pre-combination, of +4.1% in the ten-month period to the 31 October 2018. Over the same period, the new combined Informa Group delivered underlying revenue growth of +3.9%. Reported revenue growth for the 10-month period was +31.8%.

This performance is in line with expectations, leaving us on track to meet our ambition for underlying revenue growth of 3.5%+, even with the continued macro uncertainties from US/China trade relations, Middle East political tensions and Brexit negotiations, amongst others. On the latter, the Group’s international breadth and relatively small revenue base in mainland Europe mean related risks are low but we are still taking necessary precautions and preparing for any potential knock-on impact in areas such as employment, treasury and inventory management.

Click here to read full report