Informa (LSE:INF) has retained and repeated its full-year earnings guidance, ahead of its AGM, backed by underlying revenue growth of 6.4% in the five months to 31 May, with both of its main divisions expanding ahead of expectations.
The international B2B live events, digital services and academic publishing group said B2B Live Events delivered underlying revenue growth of 7.6% over the period, led by strong performances across healthcare, food, beauty and finance verticals in the Americas, Greater China, ASEAN and Europe, with more than $1.5 billion traded to date.
Academic Markets, operated through Taylor & Francis, grew underlying revenue 5.5% in the same period across subscriptions, open research and advanced learning, and remains on track for 4% full-year underlying growth.
Group revenues of more than $4 billion are traded, booked or visible for the full year through subscriptions, recurring revenues and forward-booked contracts, providing the basis for Informa's reaffirmed commitment to double-digit underlying growth in adjusted earnings per share.
"We have momentum in both our businesses, B2B Live Events and Academic Services, and are reconfirming full-year earnings guidance," said chief executive Stephen A. Carter.
Informa said 2027 is expected to deliver further strong adjusted EPS growth, with more than $0.6 billion in first-half revenues already booked or confirmed.
Interim results are scheduled for 30 July.
