Informa (INF)

Sector:

Media

Index:

FTSE 100

831.20p
   
  • Change Today:
    -6.20p
  • 52 Week High: 840.40
  • 52 Week Low: 671.00
  • Currency: UK Pounds
  • Shares Issued: 1,363.66m
  • Volume: 3,648,546
  • Market Cap: £11,335m
  • RiskGrade: 196

Informa YTD revenues rise, on track to meet upper-end of FY guidance

By Iain Gilbert

Date: Thursday 16 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Publishing company Informa said on Thursday that year-to-date trading has been "robust" across both its academic and B2B businesses, boosting underlying revenues by more than 40% year-on-year.
Informa said its performance so far in 2022, combined with strong forward visibility on subscriptions revenues in its Taylor & Francis unit, as well as exhibitor and delegate bookings in live and on-demand events and favourable currency trends, had put the group on track to meet the upper-end of its full-year guidance range of £2.15bn-£2.250bn and adjusted operating profits of £470.0m-£490.0m.

The FTSE 100-listed firm highlighted that markets were now open or opening in all of its geographies around the world and with restrictions progressively being lifted in mainland China, the company believes it will resume live B2B events in the region from the third quarter.

Informa also noted that its deliberate shift to implement enhanced cash management processes and "challenging cash metrics" was continuing to deliver benefits, with further strong cash conversion and free cash flow generation over the first five months of the year.

Strong free cash flow and the recent sale of its Pharma Intelligence unit effectively reduced Informa's net debt to zero, "significantly strengthening" its balance sheet and providing additional funds for growth and reinvestment.

Informa also announced it would further expand its share buyback programme from £300.0m to £725.0m, representing approximately 50% of post-tax cash proceeds received to date from the delivery of its GAP II Portfolio Focus. The expanded programme will take the group through to year-end 2022, with 50.3m shares purchased year-to-date, equating to roughly £290.0m of capital returned to shareholders.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Informa Market Data

Currency UK Pounds
Share Price 831.20p
Change Today -6.20p
% Change -0.74 %
52 Week High 840.40
52 Week Low 671.00
Volume 3,648,546
Shares Issued 1,363.66m
Market Cap £11,335m
RiskGrade 196

Informa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.36% below the market average88.36% below the market average88.36% below the market average88.36% below the market average88.36% below the market average
68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average
Price Trend
78.74% above the market average78.74% above the market average78.74% above the market average78.74% above the market average78.74% above the market average
70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average
Income
55.36% below the market average55.36% below the market average55.36% below the market average55.36% below the market average55.36% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Growth
99.43% above the market average99.43% above the market average99.43% above the market average99.43% above the market average99.43% above the market average
95.45% above the sector average95.45% above the sector average95.45% above the sector average95.45% above the sector average95.45% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Informa Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 10-Aug-23
Paid 12-Jul-24 15-Sep-23
Amount 12.20p 5.80p

Trades for 28-Mar-2024

Time Volume / Share Price
17:25 6,273 @ 833.23p
17:25 2,681 @ 833.23p
16:40 15,445 @ 831.20p
16:35 17,214 @ 831.20p
16:35 5,117 @ 831.20p

Informa Key Personnel

CEO Stephen A Carter

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