View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. B2B
November 14, 2022

Informa posts recession-busting profit update thanks to return of events

Informa saw underlying revenue growth of 41% in the year from January to October 2022.

By Dominic Ponsford

Business information and events business Informa has posted a recession-busting trading update reporting underlying revenue growth of 41% in the year from January to October 2022.

The performance is being fuelled by a bounce back in events, which were severely impacted by the coronavirus pandemic.

It is also being helped by strong performance in B2B information, especially in the US where Informa has brands covering pharmaceuticals, cybersecurity, private capital and healthcare.

Informa’s share price stood at £5.83 today, giving it a market cap of £8.3bn. This was well below the post-Covid slump of around £4, but behind the £8 shares were attracting in 2019.

In April 2020 Informa’s share price slumped to £5bn versus the £11bn the company was worth at the end of 2019.

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Informa bought US B2B and events business Industry Dive in July this year for £323m. And it sold Lloyds List for £385m in August.

Content from our partners
Pugpig named best media technology partner of 2024 by AOP
Cannes Lions: The world's best creativity all in one place
L'Equipe signs content syndication deal with The Content Exchange

The Industry Dive acquisition has given the group access to better marketing and lead-generation technology and boosted its audience development capabilities. The Industry Dive titles cover 27 verticals with strong editorially-led free-to-air sites backed by strong newsletters and marketing solutions.

[Read more: CEO interview – B2B without paywalls, how Industry Dive grew into $80m ‘journalism-first’ business]

Informa has increased both its revenue and operating profit predictions for the year, to at least £2.3bn and £490m respectively.

Despite the macroeconomic headwinds, Informa said: “The operating momentum across both our businesses, combined with the strength of our positions in North America, put us in a strong position for continued growth and acceleration in 2023, with incremental growth in China as the market reopens.”

Over the first ten months of the year, live and virtual events generated £1.1bn of revenue for the group. Overall it is predicting to reach 85% of 2019 revenue this year on a like-for-like basis.

Informa’s live events business in China has been impacted by ongoing coronavirus restrictions in the country.

Informa’s brands include Taylor and Francis academic publishing group, B2B brands such as World of Concrete and a range of live and on-demand events such as Biopharm America.

Informa CEO Stephen Carter said: “B2B market demand is growing across many industries and most geographies, with the current exception
of China, which will provide incremental growth as it reopens. Informa and its Brands are at the heart of this B market strength.”

(Picture: Informa annual report)

Topics in this article : ,

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network