Informa on track in 2011

12th May 2011 11:31

Specialist business publisher and trade events group Informa is on track for the full year, after first quarter revenues grew by 4.6%, helped by strong growth in Events and Training and a better-than-expected performance in Academic Information. Events and Training - which accounts for 45% of the firm's operations - saw organic revenue increase by 6.7%. This was helped by the trade show business and growth in sponsorship and delegate income.Academic Information saw revenue grow by 5%, ahead of expectations, due to phasing around some journal receipts, the group said. The division accounts for a quarter of operations.Meanwhile, revenues at the other division, Professional and Commercial Information, increased by 2.1%, as a recovery in the financial data subscription business offset was able to offset weakness in advertising and a delay in some larger renewals."With three quarters of our publishing activities now digital and growth continuing in the emerging markets, we remain confident about the prospects for Informa in 2011 and beyond," said chief executive Peter Rigby.---BC