Informa PLC (LON: INF) have given a confident outlook to shareholders, in their most recent trading update where Informa also confirmed their annual revenue guidance.
Informa alluded to a ten month period of strong trading, and expressed confidence in the “strength and resilience” of future growth.
Shares of Informa were 0.43% to the good on Monday at 803p. 11/11/19 10:53BST.
The FTSE 100-listed (INDEXFTSE: UKX) events and publishing company said it has continued to perform well in the ten months to the end of October, with underlying revenue growth of 2.8%.
Looking forward, Informa reiterated the importance of November and December trading, representing round 20% of annual revenue, with November alone accounting for more than £350 million.
“After ten months trading in 2019, 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 Chief Executive Stephen Carter.
Competitors such as EuroMoney (LON: ERM) gave shareholders a positive outlook, and the S&P (INDEXSP: .INX) have had a positive few months of trading, despite epxected volatility.
This will be important for Informa, and certainly appease shareholders where market trading has been tough, with Brexit and the ongoing saga between the US and China is yet to be settled.
On the expansion front, Informa noted the minor investment it had made in Founders Forum, and the launch of a joint venture with Informa Tech, which it said was a combination of strengths to support the next phase of growth in technology innovation and entrepreneurship.
“Furthermore, the breadth and balance of the enlarged group, the quality of our revenue growth and strong visibility of forward bookings and renewals into the first quarter of 2020 gives us confidence in the strength and resilience of future growth,” the board explained.
