Interim Pre-close Update
Informa PLC
29 June 2007
Informa plc
Interim Pre-close update
Informa has performed well in the first half of the year and is trading in line
with the Board's expectations across all three of its business activities:
events, Performance Improvement and publishing. The interim results will be
announced on 30 August 2007.
Events
Informa's events portfolio is continuing to grow well. This is being fuelled in
particular by the continued strengthening of the company's Large Scale Events
(the 'must attend' events in each industry). In 2006 these top 200 events
accounted for 40% of Informa's total events' revenue and 70% of our events'
operating profit. The strength of these leading event brands, which cover 70
industry sectors, creates strong barriers to entry, the opportunity for
geo-cloning, and the ability to meet customer information needs using multiple
media formats.
Cityscape, the world's largest property investment and development event, is a
good example of this. In 2002 Cityscape was held in a hotel in Dubai with 500
square metres of exhibition space and 1000 visitors. In 2006 the event had over
25,000 square metres and 35000 participants in the Dubai International
Exhibition Centre and is on course for further growth in this year's event in
October. In May this year, Cityscape was cloned as the inaugural event in the
Abu Dhabi Centre, attracting 15,670 participants from 71 countries. In addition
Cityscape China and Cityscape Asia launched profitably this year. Cityscape
India will take place in November. The Cityscape Magazine, launched early in
2007, was profitable from the first issue. The Cityscape Market Intelligence
Service, a subscription-based online information service, launches in October.
Performance Improvement
The Performance Improvement (PI) businesses, which help both government and
corporate clients meet their strategic goals by enabling their employees to
operate more effectively, are continuing to enjoy strong client retention and
new business development.
International revenues are increasing as multi-national clients look to instil
best practice and consistency across their global operations. The franchise
buy-back programme is progressing well with Forum (the PI leadership
specialists) acquiring its Asian franchises in April this year. Robbins-Gioia,
(the PI programme management specialists) with 90% of revenues from the US
Federal Government, has started the year particularly well, benefiting from the
2006 investment in its intellectual property and sales teams.
Publishing
Informa's subscription-driven businesses, which have minimal advertising
dependency, have also begun the year strongly. The Academic & Scientific,
Commercial and Professional divisions are all gaining from the move to
electronic delivery of information and services. The increased utility and
customer value from digital delivery has provided extra pricing power and market
penetration. Digital archives, data services and daily information provision
have all contributed to good growth further enhanced by cross leveraging event
brands and publishing PI intellectual property.
David Gilbertson, Informa's Chief Executive, notes 'Our philosophy is to behave
like a small company, however big we get. This continues to pay off. By running
a flat organisation, staying close to our markets and rewarding people for the
success they create, we ensure that we have a business full of entrepreneurs who
move quickly to capture growth and just as quickly to defend their profits. We
move into the second half confident of another good financial performance in
2007.'
ENDS
Further Enquiries:
Informa plc Tel: 020 7017 5000
Tony Foye, Finance Director
Susanna Kempe, CMO and Head of Investor Relations Tel: 020 7017 5796
Maitland Tel: 020 7379 5151
William Clutterbuck
Emma Burdett
Notes to Editors:
Informa provides specialist, high value information to the global academic &
scientific, professional, and commercial markets via Publishing, Events and
Performance Improvement. At the heart of every Informa product and service is
research-based, proprietary information for a targeted, expert audience. Informa
publishes approximately 2,500 subscription based products and services delivered
electronically and in hardcopy, and 45,000 books. Each year Informa produces
over 12,000 events around the world, powered by a marketing database of over 20
million contacts. It has an unparalleled portfolio of brands including Lloyds
List, Routledge, Taylor and Francis, IIR, IBC, AchieveGlobal, ESI and Euroforum.
Informa operates in 80 countries and employs over 7,500 people.
This information is provided by RNS
The company news service from the London Stock Exchange