Informa plc, a global company organizing business-to-business (B2B) events and providing data services, has released its full-year results for 2023. The report shows a 30% increase in revenue to £3,189.6 million compared to £2,262.4 million in 2022. Adjusted Operating Profit also rose by 59% to £853.8 million from £496.3 million in 2022, surpassing the market guidance set at the beginning of last year. The company noted robust growth in live and on-demand events across various sectors such as Pharma, Healthcare, Technology, Aviation, Food, and Beauty.
Informa reported strong trading in Q1 of 2024, with revenues already reaching £500 million and additional commitments for over £1 billion in subscriptions and forward bookings. The expansion of brand portfolios in India and the Middle East has been identified as a significant driver of regional growth.
Stephen Carter, the CEO of Informa, expressed satisfaction with the 2023 results and optimism for continued growth in 2024. He highlighted the company’s focus on expanding its platform in B2B Digital Services through a proposed combination with TechTarget, aiming for strong shareholder returns, including dividend growth and share buybacks.
The expansion of Informa Connect, the company’s content-led and on-demand experiences division, has been substantial in recent years. With strong underlying growth and the addition of brands like Tarsus, Winsight, and Informa Tech events, Informa Connect’s annual revenues are projected to surpass $1 billion, with a significant portion generated in the US.
Additionally, Informa recently hosted LEAP in Saudi Arabia, the world’s most attended tech event, attracting 215,000 attendees and featuring 1,100 speakers from various industries.
Informa confirmed a 30% increase in underlying revenue for 2023 and raised its guidance for 2024. The company aims to achieve reported revenue between £3,450 million and £3,500 million, with adjusted operating profit ranging from £950 million to £970 million, excluding the proposed combination with TechTarget.
Looking ahead, Informa plans for international expansion in regions such as the UAE, Saudi Arabia, India, and Turkey, aiming to meet the growing demand for B2B market access and specialized knowledge. The company also anticipates strong growth in live and on-demand events, particularly in sectors like pharma, healthcare, technology, aviation, food, and beauty.
Impact Analysis by BrainADZ Exhibits:
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Positive Impact: Informa’s strong financial performance and expansion plans signal growth opportunities within the B2B events and digital services industry, potentially attracting increased investment and participation from businesses.
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Market Expansion: The company’s focus on international expansion, especially in fast-growing economies, suggests a broader reach for its events and services, fostering global business connections and knowledge exchange.
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