Informa rises after in-line results

Specialist business publisher and trade events group Informa has reported a rise in revenues and adjusted pre-tax profit for the full year ended December 31st.

Adjusted pre-tax profit (excluding a non-cash impairment) rose 7% from £276.4m to £295.9m, while revenues saw organic growth of 3.9%, from £1.23bn to £1.28bn.

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Peter Rigby, Chief Executive, said: "Informa has delivered another set of strong results, in line with the expectations we set at the beginning of 2011 despite the challenging macro economic backdrop.

"This performance has been achieved through our clear strategy of focusing on growth in the group's subscription income, improving product reach and quality through digital delivery, increasing the number of higher quality, resilient and larger scale events and driving growth through geo-cloning and expanding in emerging markets."

Some 14% of the group revenue now comes from emerging markets, compared to 12% in 2010.

The firm added: "It is frustrating that yet again we need to assess these results against the backdrop of uncertain economic market conditions. Perhaps instead of thinking about a cycle, low growth or no growth will be the medium term norm. Over the past four years, we have changed the structure of the group to enable it to perform better in these tougher economic times."

Cash at the end of the period stood at £311.2m, slightly lower than £319.8m at the same date the previous year. The total dividend for 2011 was 16.8p, compared to 14p in 2010.

The share price rose 4.63% to 436.40p by 08:37.

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