Informa expects FY sales of no less than £1.7bn

3rd Jun 2021 08:40

(Sharecast News) - Events organiser Informa said on Thursday that it expects to make at least £1.7bn worth of sales in its current trading year as physical events begin to return in key markets like China, the United States and the Middle East.
Informa said it also expects to remain cashflow positive for the full year, driven by improving underlying revenue growth in its two subscriptions-led businesses.

The FTSE 100-listed group added that actions to preserve cash and manage costs through 2020 continued to provide "strength and flexibility" in its balance sheet.

Chief executive Stephen Carter said: "Further strength in Informa's subscriptions-led businesses and measured confidence in the progressive return of physical events in Mainland China, North America and the Middle East, is delivering further Stability and Security.

"We remain on track to deliver our revenue commitments through the 2021 transition year, whilst continuing to generate positive cashflows. Improving growth in subscriptions, ongoing expansion in Digital Services and the enduring strength of our B2B brands and platforms, gives us increasing confidence in revitalisation and growth through 2022-2024."

As of 0920 BST, Informa shares were up 0.88% at 550.20p.