Informa delivers 'further strong growth' in Q1

(Sharecast News) - Publishing and exhibitions group Informa said on Thursday that it had delivered "further strong growth" in Q1, with continuing forward visibility through subscriptions, recurring revenues and forward booked contracts.

Informa said total group underlying revenues grew 7.6% in Q1, with "strong performances" across its live B2B events portfolio and in academic markets.

FY revenues of more than �2.5bn were said to have already been traded, booked or committed through subscriptions, recurring exhibitor revenues and forward booked contracts, marking 61% of annual target revenues, pacing ahead of 2024.

The FTSE 100-listed firm also noted that it had experienced "strong demand" across all regions in Q1 and continued its market-leading outperformance in India, Middle East and Africa.

Looking ahead, Informa reiterated its FY guidance for group underlying revenues of more than 5%, as well as its revenue target of �4.1bn and expectation for double-digit adjusted earnings growth.

Chief executive Stephen Carter said: "The Informa Group continues to deliver strong underlying growth in both Live B2B Events and Academic Markets."

"Specialist brands in Specialist markets, annual/multi-year subscriptions, forward booked revenues, and leading positions in faster-growing geographies, underpin the Informa growth platform."

As of 0840 BST, Informa shares were up 2.61% at 747.0p.

Reporting by Iain Gilbert at Sharecast.com