The Informa group, 23 February, has reported strong financial results for the full year 2011, including revenues up 3.9 per cent to £1.28bn.
Operating profit is also up, 7.3 percent to £336.2m.
There was a strengthening of the balance sheet strengthened, with a net debt/EBITDA ratio of 2.1 (2010: 2.3 times)
Informa increased its full year dividend by 20 per cent to 16.8p The company reports its recent acquisitions were perming well and claiming a successful launch of new digital platforms
Emerging market growth continues and now constitutes 14 per cent of Group revenue (2010: 12%).
Informa Chief Executive Peter Rigby, Chief Executive, says: “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. These results further underline the Group’s resilient and high quality earnings streams.
“This permance 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.”
Efforts to grow the events business organically, Rigby says, have paid off. “In particular, the acquisitions we completed in Brazil last year are already benefiting from being part of a broader group.”
Rigby adds that 2012 has started with a number of large events showing strong forward bookings and believes that strong foundations, supplemented by a combination of targeted investment and selective acquisitions, “will support yet another year of growth”.
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