Global business information and events firm Informa today reported a slight improvement in fortunes with a modest increase in revenue and profit last year.
Publishing full year results today, Informa said revenue increased 0.4 per cent year on year to £1.23bn in 2010, while adjusted operating profit rose 1.2 per cent to £313.2m.
Informa, which publishes business information brands such as Lloyd’s List, said its academic division, which accounts for 25 per cent of group revenue, continued to perform well.
Professional and commercial information businesses, which account for 30 per cent of revenue, suffered from the ‘lag impact’on subscription income in the beginning part of last year, the company said, but revenue started to grow in the latter part of the year and continued to increase.
The company’s events and training businesses accounted for the remaining 45 per cent of revenue.
Peter Rigby, chief executive, said: “After the economic difficulties experienced over the last two years, the group is in a strong place to deliver organic growth.
“We are investing in new products, recruiting and enhancing our sales teams and geo-cloning our leading events.
“The year has started well, in line with our expectations, with encouraging performances from some of our biggest events as well as a successful academic journal renewal.
“I am excited about the next 12 months and expect Informa to deliver a year of progress.”