Informa On Track to Deliver Full-Year Growth in Earnings
May 19 2016 - 2:10AM
Dow Jones News
LONDON--Informa PLC (INF.LN), a business events and publishing
company, said Thursday that it is on track to deliver full-year
growth in revenue, earnings and dividends and added that its
medium-term growth acceleration plan continues.
In the global exhibitions division, the company said that more
than 45% of annual revenue across its portfolio has already traded
and it remains confident of delivering another year of strong
organic growth in 2016.
Within the business intelligence division, the focus on
subscription management and customer retention continues to deliver
results, with further year-on-year growth in annualized contract
values and average renewal rates approaching 90%, the company
said.
In academic publishing, the company saw a consistent performance
in academic journals and continued strength in e-books has been
balanced by ongoing softness in physical books, Informa said.
In knowledge and networking, the launch of a simplified
operating model is driving momentum, particularly amongst large,
branded events, Informa added.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
May 19, 2016 02:55 ET (06:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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