London, 25th July: London-based Informa plc announced its results for the six months ended 30th June 2018. Revenues in that six-month period were £957 million (US$1.26 billion) with underlying growth of 4.3%. Adjusted operating profit recorded growth of 1.9%, reaching £294 million (US$389 million).
The pro forma performance of UBM’s business was in line with expectations. Revenues were £445 million (US$586 million), with 1.1% of underlying growth. Strong sectors included Pharma, Technology and Food & Hospitality. According to Informa, UBM’s business accounted for 7.2% of its total group revenues and 9.5% of its total adjusted operating profits.
Informa also announced the launch of its “Accelerated Integration Plan” (AIP). This is a one-year phased programme designed to efficiently facilitate the combination of Informa and UBM. AIP will focus on six core areas: Operating Models, Leadership & Talent, Progressive Portfolio Management, Increased Synergies, Fashion GAP, and finally, Brand Value.
Stephen A. Carter, Informa’s Group Chief Executive, stated, “Informa continues to deliver good trading performances, reflecting our combination of international scale, increased depth and breadth in attractive industry verticals and the recent addition of UBM. This puts us firmly on track for another year of growth in revenue, adjusted operating profit, adjusted earnings, cashflow and dividends.”