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Informa on track to meet expectations as revenue grows

By BFN News | 07:20 AM | Friday 09 November, 2018


Information services group Informa reported Friday revenue grew by nearly a third in the 10 months through October, keeping the group on track to meet its full-year expectations. For the period to the 31 October, reported revenue grew 31.8%, underlying revenue growth for the standalone Informa group -- pre-combination -- increased 4.1%, while the new combined Informa Group delivered underlying revenue growth of 3.9%. The performance, in line with management's expectations, kept the group on track to meet its full-year underlying revenue growth target of 3.5%, despite continued macro uncertainties from US and China trade relations, Middle East political tensions and Brexit negotiations, the company said. The company said it would continue with its efforts to combine UBM into the Informa Group under its one-year phased 'accelerated integration plan' due to be completed at year-end, in order to reap the full benefits of strong market positions in 2019. Story provided by StockMarketWire.com

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