Informa Remains Confident Of Meeting Full-year Expectations - Quick Facts

(RTTNews) - Informa plc (INF.L, INFMF.PK) on Thursday issued a trading update to coincide with its Annual General Meeting in London. The company said it continues to make good progress and despite some global macroeconomic uncertainty and geopolitical risk, it remains confident of meeting full-year expectations.

Group Chief Executive, Stephen Carter, said, "Across Informa, the focus on growth continues and we remain on track to deliver full-year growth in revenue, earnings and dividends. Progress on the Growth Acceleration Plan continues, with the focus firmly on delivery, ensuring we implement and realise our plans for accelerated growth and increased capability for future scale."

In Global Exhibitions, the company remains confident in delivering another year of strong organic growth in 2016.

In Business Intelligence, the company's focus on subscription management and customer retention continued to deliver results, with further year-on-year growth in annualised contract values and average renewal rates approaching 90 percent.

In Academic Publishing, the company noted that consistent performance in Academic Journals and continued strength in e-books has been balanced by ongoing softness in physical books.

Within Knowledge & Networking, the company noted that the launch of a simplified operating model, vertical focus and portfolio rationalisation is driving momentum, particularly amongst large, branded events, with increased audience reach and improving delegate numbers delivering good revenue growth across the Top 25 events run to date in 2016.