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Informa prospects positive
posted on: 21/5/2012 09:31:49
Informa’s events portfolio saw overall revenue growth of 3.6 per cent in the first four months of the year, according to an interim management statement.
The statement based on results to 30 April reported exhibition and sponsorship income remains strong, with forward bookings on shows to be run later in the year and into 2013 underlining the strength of the portfolio.
The firm’s Arab Health, Anti Ageing Congress and private equity event Super Return continue to demonstrate good growth.
"We are meeting the strategic goals we set for each of our three divisions and, despite the continued difficult macro economic backdrop, ourfull year expectations remain unchanged,” said chief executive Peter Rigby.
“Trading conditions across the world are volatile and both the renewal and new subscriber cycles take longer than they used to. Overall we believe we have high-quality products in the right sectors to ensure the group's future progression."
Informa said geographic expansion remains a key part of its strategic plan following the launch of new events in Cairo, Sao Paulo and Riyadh already this year.
Revenue grew by 2.5 per cent in the first four months across Informa’s academic information division, but fell by 4.1 per cent in its professional and commercial information division, and 6.8 per cent in its corporate training arm.