Informa has been tipped by some brokers to be a winner in a data-driven/artificial intelligence (AI) world.
Tomorrow’s results should give a better insight into progress on that front, but thus far the results are encouraging.
In a trading update in January, the events group guided to underlying revenue growth of 30%, underlying operating profit of £845 million and free cash flow of £600 million plus.
Going forward into this year, the company was upbeat on prospects, highlighting the US and rapidly expanding economies in the Middle East, China and Asia led by its B2B events.
Guidance targets for 2024 are high single-digit underlying revenue growth, reported revenue of £3,425m-3,475m and adjusted operating profit of £945m-965m excluding any impact of the merger with TechTarget.
Shares are up 19% over the past twelve months.