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Informa posts revenue rise for exhibition division
posted on: 23/2/2012 10:55:18
Publishing and events firm Informa has posted a healthy set of full-year results for 2011.
The company’s exhibition revenue for the year ended 31 December 2011 rose to £134m, up from £107.4m in 2010, as part of its four per cent overall revenue increase to £1.28bn.
“Our efforts to grow our events business organically have paid off with a number of exhibition launches, which along with the acquisitions in 2011 have further strengthened our events platform,” said chief executive Peter Rigby.
“In particular, the acquisitions we completed in Brazil last year are already benefitting from being part of a broader group.”
New exhibition launches in 2011 included Vitafoods Asia and Africa Health, while other successes highlighted by the firm included Arab Health, Africa.com, the Broadband World Forum and AusRail.
Arab Health, Informa’s largest show, took place in January 2011 and grew by six per cent, with strong rebookings so far for 2013. Informa's full-year adjusted pre-tax profit was £295.9m, up from £276.4m a year ago.
Shares in the company, which owns brands such as Lloyd's List and Datamonitor, jumped five per cent to £0.0438 on Thursday morning on the London Stock Exchange their highest in seven months.
The Association of Event Organisers (AEO), Association of Event Venues (AEV) and the Event Supplier and Services Association (ESSA) have joined together to launch a three-year research study into the UK exhibitions and live events sector.