(Alliance News) - Informa PLC on Friday hailed double-digit year-to-date revenue growth, and said it is on track to deliver 2024 results at the upper end of guidance.
"The Informa group has changed gears and we are now delivering 10%+ growth," Chief Executive Stephen Carter said. Five-month group underlying revenue growth totalled just over 10%, "reflecting strong operational performances across all businesses".
The London-based business information publisher and events organiser said revenue delivered to date amounts to GBP1.4 billion, and it noted a further GBP1 billion of Subscriptions/Exhibitor revenue is "committed and visible" in 2024.
In the B2B Markets offering, it said it is on track for high single digit underlying revenue growth in 2024.
In Academic Markets, it believes it is set for over 5% growth. At group level, it expects high single digit underlying revenue growth and group revenue between GBP3.45 billion and GBP3.50 billion.
Informa highlighted that continuing deployment of artificial intelligence technology is delivering product benefits and operating efficiencies including in research submission.
Informa shares were 0.7% higher at 865.40 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
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