Informa reports steady trading in 2019
Informa said it had traded well so far in 2019 and was confident about meeting expectations for annual results.
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The events organiser and business publisher reported steady trading across its business in a trading update before its annual meeting in London.
Despite economic uncertainty and geopolitical risk, "the board remains confident of meeting full-year expectations", the FTSE 100 company said. Informa bought its rival UBM in June 2018 to make it the world's biggest operator of business events and exhibitions. After integrating the business it is now trying to get the most out of its increased scale and geographic reach.
The company's biggest business, Informa Markets, has successfully held 11 of its top 30 events. Combined with forward bookings, that gives Informa confidence about hitting its target of 4.5% underlying growth. Trading in North America and China was strong but the Middle East was weaker. The Informa Connect division is on track for its target of 2.5% growth.
Trading at Informa Tech and Informa Intelligence is encouraging and Taylor & Francis, the scholarly publisher, is performing steadily, Informa said.
Chief executive Stephen Carter said: "Informa has performed well through the first four months of the year, with steady trading across our enlarged portfolio of specialist international brands. This leaves us well placed to meet our targets for 2019 and deliver a further year of growth in revenue, adjusted profit, earnings, cashflow and dividends."