Business
November Trading Update
November Trading Update.
About this update from Informa Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Informa LEI: 5493006VM2LKUPSEDU20 \n \n \n \n \n \n \n \n Informa PLC\n Press Release\n \n \n 14 November 2022\n \n \n Underlying revenue growth +41% January to October 2022\n \n \n Full year revenue and profit targets increased\n \n \n \n Accelerating international B2B Markets growth, improving performance in Academic Markets, and continuing US operating expansion\n \n \n \n Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today issued its November Trading Statement.\n \n \n \n \n \n \n Stephen\n A. Carter\n , Group Chief Executive, Informa PLC, said:\n \n \n B2B market demand is growing across many industries and most geographies, with the current exception of China, which will provide incremental growth as it reopens. Informa and its Brands are at the heart of this B2B market strength.\n \n \n He added:\n Our 4-year GAP 2 programme continues to deliver growth and acceleration within both Academic Markets and B2B Markets. In addition, our divestment programme has completed ahead of schedule and with returns ahead of target, significantly strengthening our balance sheet and putting Informa in a strong position for further growth and investment in 2023.\n \n \n \n \n \n \n Key Highlights\n \n \n á\n \n Continuing Growth Acceleration...\n \n Group 10-month underlying revenue growth for continuing businesses of 41% (excluding currency benefits and compared to 10m 2021 growth of c3%), underlining the critical nature of our specialist products for customer growth and innovation;\n \n \n á\n \n Meeting and exceeding 2022 revenue and profit targets...\n \n Strong outperformance in Live and On-Demand Events in North America, EMEA and ASEAN, combined with continuing growth in Academic Markets, drives increase to full year guidance range (+£100m to £2,300m-£2,350m on revenue and +£15m to £490m-£505m on adjusted operating profit), with all divestments and additions now incorporated and with any further Live and On-Demand Events revenue in China before year-end providing incremental growth;\n \n \n á \n \n US strength and depth in specialist B2B markets...\n \n The Company has built leading positions in the US and other key regions, a portfolio of high-quality brands with depth in attractive specialist B2B markets (Pharma, CyberSecurity, Private Capital...