Informa on track to meet full-year expectations

19th May 2016 07:08

(ShareCast News) - Business intelligence, exhibitions, events and academic publishing group Informa confirmed its full-year expectations on Thursday morning, as investors mustered for the company's annual general meeting in London.The FTSE 100 firm said it remained confident of meeting full-year expectations, despite some global macroeconomic uncertainty and geopolitical risk.In the year-to-date, Informa has already traded more than 45% of annual revenue across its portfolio of exhibitions, and reported a strong performance from the top 20 shows on exhibitor revenue, visitor numbers and rebooking rates.The focus on subscription management and customer retention in its business intelligence unit has seen year-on-year growth in annualised contract values and average renewal rates approaching 90%, and in academic publishing a strong performance in academic journals and ebooks has been balanced by ongoing softness in physical books.Informa also confirmed flat to positive organic growth in its knowledge and networking division, following the launch of a simplified operating model and portfolio rationalisation to drive momentum."Across Informa, the focus on growth continues and we remain on track to deliver full-year growth in revenue, earnings and dividends," said group chief executive Stephen A. Carter."Progress on the growth acceleration plan continues, with the focus firmly on delivery, ensuring we implement and realise our plans for accelerated growth and increased capability for future scale."