Informa reaffirms annual guidance as revenue grows 10.7%
By Frank Prenesti
Date: Tuesday 19 Nov 2024
(Sharecast News) - Events and digital services group Informa on Tuesday reaffirmed its recently upgraded full-year guidance as revenues in the first 10 months of the year grew 10.7% and said strong forward booking were providing momentum into 2025.
The company forecast double-digit underlying revenue growth; updating for the now completed Ascential acquisition and currency movements which would take full year group Revenue guidance to at least £3.5bn and adjusted operating profit to £975m.
Free cash flow was lifted to at least £750m after a strong performance on operating cash conversion.
Reporting by Frank Prenesti for Sharecast.com
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