Edition:
United Kingdom

Informa Says 10-Month Underlying Rev Grew 3.9 Pct


Friday, 9 Nov 2018 

Nov 9 (Reuters) - Informa PLC ::10-MONTH TRADING UPDATE.ON TRACK FOR FULL YEAR EXPECTATIONS.GROUP UNDERLYING REVENUE GROWTH OF +3.9 PCT FOR TEN MONTHS TO 31 OCTOBER 2018.COMBINATION PHASE OF ACCELERATED INTEGRATION PLAN FOR UBM COMPLETED ON SCHEDULE.UNDERLYING REVENUE GROWTH FOR STANDALONE INFORMA GROUP, PRE-COMBINATION, OF +4.1 PCT IN TEN-MONTH PERIOD TO 31 OCTOBER 2018.NEW COMBINED INFORMA GROUP DELIVERED UNDERLYING REVENUE GROWTH OF +3.9 PCT; REPORTED REVENUE GROWTH FOR 10-MONTH PERIOD WAS +31.8 PCT.ON TRACK TO MEET OUR AMBITION FOR UNDERLYING REVENUE GROWTH OF 3.5 PCT.UNDERLYING GROWTH IN 10-MONTH PERIOD WAS +6.9 PCT FOR GLOBAL EXHIBITIONS.FIRMLY ON TRACK TO MEET OUR TARGET OF BETWEEN 6 PCT AND 6.5 PCT GROWTH FOR 2018 IN GLOBAL EXHIBITIONS.10-MONTH PRO-FORMA UNDERLYING REVENUE GROWTH OF UBM BUSINESSES WAS +2.3 PCT, UP FROM +1.1 PCT REPORTED FOR FIRST SIX MONTHS OF YEAR.CONFIDENT WE CAN DELIVER ON 2018 EXPECTATIONS FOR UBM BUSINESS OF AROUND 3 PCT GROWTH OVERALL AND C.4 PCT GROWTH IN EVENTS.