Informa Group PLC
23 May 2001
Wednesday 23 May 2001
Informa Group plc Annual General Meeting
Chairman reiterates statement previously made at Cruise & Ferry Exhibition on
8 May 2001
'Our business is trading in line with expectations for the year to date with
growth being seen in all six sectors. In particular we are seeing strong
performances from Pharmaceuticals and Finance and a welcome recovery in
Maritime profits. The Cruise + Ferry Exhibition attracted a record number of
450 exhibitors, up 20% on last time.
'The change in sentiment this year in the mobile telecommunications industry
has had a predictable impact in reducing delegate numbers at some of our
smaller events for that market. We are managing the cost base of our business
to take account of lower rates of growth. However, our larger established
events continue to perform strongly. The 3GSM event in February saw profit
growth of 35% over 2000 and the June Bluetooth Congress is expected to be 20%
more profitable than last year
Our acquisitions earlier this year of MCM and BioTechniques are performing
well.
We remain on track for a satisfactory performance.
For further information
Peter Rigby
Chairman, Informa Group
0207 453 2222
David Gilbertson
Chief Executive, Informa Group
0207 453 2222
Jim Wilkinson
Finance Director, Informa Group
0207 453 2222
Fiona Piper
The Maitland Consultancy
0207 379 5151
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