Informa PLC (LON:INF) is confident about hitting full-year revenue targets and in “the strength and resilience of future growth”, given good visibility of event bookings and renewals for the coming months.
Revenue for 2019 is expected to be 3.5% higher than last year, the FTSE 100 events and publishing giant said in a statement ahead of its two key trading months of November and December, which account for a fifth of its annual sales.
Underlying revenue growth for the ten months to 31 October was 2.8%, reflecting “strong” growth in the third quarter.
The overall performance was felt to be “good”, although protests in Hong Kong and challenging market conditions in Dubai weighed on sales in those respective areas.
“Despite an unpredictable economic/geo-political backdrop, the enlarged Informa Group continues to demonstrate resilience and performance, remaining on track for a sixth consecutive year of growth in underlying revenue, profit, adjusted earnings and cashflow,” said group chief executive Stephen Carter.
Informa shares were down 1% to 793p in early trading on Monday.