Informa reports continuing recovery

Twitter Facebook Google+ LinkedIn
Publisher and event organiser Informa reported continuing growth and recovery across all its main divisions in its interim management statement.The company reported continuing signs of recovery in its conference business, especially in Germany and Australia, which have seen improved economic conditions.In terms of exhibitions, Informa reported a 10 per cent increase in forward bookings year-on-year, although it added that the exhibition business is weighted towards the first half of the year.“Informa’s strong performance year to date leaves us well-placed to meet management expectations for the full year,” said Informa CEO Peter Rigby. “We expect to deliver organic revenue growth across our core divisions in 2010 and we believe that we have the appropriate balance of businesses to continue that growth into 2011, despite the uncertain global outlook.”The company also announced a US$729m private placement loan note issue, which will be used to partly repay existing bank debt facilities.“The significant investor interest reflects Informa’s strong credit metrics,” said Informa finance director Adam Walker, “including high levels of recurring revenues, robust cash flows and resilience through the economic cycle.” Earlier this year, financial analysts Morgan Stanley recommended investors buy shares in Informa in light of its fast growth rates.
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

Eat & Drink fest added to Ideal Home Show

Eat & Drink fest added to Ideal Home Show

Organiser Media 10 has announced that a new culinary experience, entitled the Eat & Drink Festival, will be coming to all Ideal Home Show events.
Only one day left to get your EN Awards entries in

Only one day left to get your EN Awards entries in

Only one day left event profs! One day to make it count and enter your very best people, shows and companies into the 2017 EN Awards.
Movers & Shakers 18/01/16

Movers & Shakers 18/01/16

People moves at Inntel, Sodexo and BCD M&E and Zibrant Live!

WATCH THE EN AWARDS 2016 HIGHLIGHTS


silverstream.tv

Most read Stories

EN Awards People Finalists revealed

EN Awards People Finalists revealed

The first group of the highly anticipated shortlist for the EN Awards has been announced, including Best Newcomer and Best Event Director categories.
Reactions from events industry following Britain’s vote to leave EU

Reactions from events industry following Britain’s vote to leave EU

As the UK has voted to leave the European Union with a 52 per cent majority result, EN has spoken to members of the exhibition and events industry, to gauge their initial reactions on the future of the UK and their businesses.
And the Show category finalists are...

And the Show category finalists are...

The final shortlist group for this year’s EN Awards has been announced, including Best Consumer Show Marketing Campaign, Best Brand Expansion and Best Trade Show.

Latest Features

Going Live

Going Live

From small screen to show floor, organisers are creating immersive experiences by bringing the UK’s most popular TV shows to life
The art of brewing

The art of brewing

If you’re having a dry January, look away. Thirsty ale lovers read on for a taste of the upcoming Manchester Beer and Cider Festival.
Last Word with Ed Tranter

Last Word with Ed Tranter

The managing director of MA Exhibitions on his ocean blue Gibson Les Paul, wanting a licence to kill and being pen pals with the Queen.

Latest Galleries

ReDiscover the Science Museum

ReDiscover the Science Museum

On 19 January event profs gathered at the Science Museum as the venue unveiled new galleries Wonderlab: The Statoil Gallery, Media Gallery and Mathematics: The Winton Gallery. The event was supported by experiential event caterer Tonic and Matrix UK Solutions.
London Boat Show 2017

London Boat Show 2017

Award-winning British actress Joanna Lumley OBE was on hand when the London Boat Show officially opened to crowds at ExCeL London.
NHM’s last dance with Dippy

NHM’s last dance with Dippy

The Natural History Museum hosted a New Year celebration for 600 revellers to make history and be part of the final event with the iconic Dippy the Diplodocus in the Hintze Hall.

Latest Opinions

30% of Confex exhibitors are NEW

30% of Confex exhibitors are NEW

The Confex Showfloor, always a hive of activity, colour and buzz, welcomes a host of new exhibitors bringing even more pizzazz with new and unusual venues and destinations from all over the globe.
10 years in the making

10 years in the making

As the association has gone from strength to strength over the last 10 years, Andrew Harrison, ESSA director talks achievements, expertise and knowledge.
The Dealmaker in January

The Dealmaker in January

Steve Monnington of Mayfield Media Strategies runs the rule over the latest global exhibition deals.