Business
Half Year Results
Half Year Results.
About this update from Informa Plc
[{"type":"text","content":"\n\nInforma PLC 2023 Half-Year Results\n27 July 2023\nAccelerating Growth in B2B Events, Specialist Data and Digital Services\n\nInforma delivers further strong growth in revenues, profits and cashflows, with full year results expected to be at the top-end of guidance range\n\nInforma (LSE: INF.L), the international B2B Events, Specialist Data, Digital Services and Academic Markets Group today published half year results for 2023, delivering strong operating and financial performance and continued progress on its Growth Acceleration Plan 2 (\"GAP 2\").\nStephen A. Carter, Group Chief Executive, Informa PLC, said:\n\"We are focused on building a better, broader and more scalable business, which is reflected in a very strong first half performance, putting us on track to meet or beat our guidance for 2023, with further momentum visible into 2024 and 2025.\"\nHe added: \"As The Leading and Largest Owner/Operator of B2B Events, Specialist Data and Digital Services Internationally, we see continuing strong demand from B2B customers, giving us confidence in further growth.\"\nAccelerating growth in revenues, profits and cashflows\n2023 Half Year Results reflect strong performances in all businesses1\n· Strong Reported Growth in H1 2023: Further strong growth in Revenue (+53.0% to £1,520.5m), Adjusted Operating Profit1 (+102.9% to £413.5m) and Free Cash Flow1 (+62.8% to £224.6m);\n· Underlying Growth Acceleration1: Underlying revenue growth of 31.9% and an increase in underlying adjusted operating profit of 56.5% in H1 2023, reflecting an improved performance in Academic Markets, strong growth in B2B Events and further progress in B2B Digital Services;\n· Increased Operating Margin1: Significant increase in adjusted operating margin (+670bpts to 27.2%), ahead of full year guidance, driven by higher underlying revenues and strong operating leverage.\n· Significant increase in Earnings per Share1: Adjusted diluted earnings per share +134.4% to 22.5p (H1 2022: 9.6p), reflecting strong growth in earnings and the benefit from recent share buybacks;\n· Improving Statutory Performance: H1 2023 statutory revenue of £1,520.5m (2022: £993.5m), statutory operating profit of £298.9m (H1 2022: £62.0m)...