Trading Statement
Informa PLC
11 January 2007
TRADING UPDATE FOR YEAR ENDED 31 DECEMBER 2006
Informa plc, the global information specialist for the academic & scientific,
professional and commercial markets, has continued to perform well in the second
half of the year and the Board is confident that the 2006 results will be in
line with the significant growth expectations of the market.
Informa's business activities comprise Events, Performance Improvement and
Publishing.
The Events businesses have taken full advantage of positive market conditions to
finish the year well. The geographically focused, regional businesses and the
vertical market facing teams have both enjoyed good results.
The IIR Dubai events business has finished a particularly good year with strong
growth in all its flagship products including 'Cityscape' which became the
world's largest international property investment & development event. The show
welcomed 35,000 participants from 90 countries and over 500 exhibitors from 55
countries.
The Performance Improvement (PI) group of companies, working with corporate and
government clients to solve business issues in different operational
disciplines, continue to experience strong global demand for their products and
services. The ability of these businesses to drive better results for their
clients using tailored intellectual property based learning programmes, coaching
and measurement is generating strong repeat business. Each of the seven brands
is performing well, with particularly noteworthy results from Omega,
specialising in financial services clients, which had profit growth of over 30%.
Informa's Publishing businesses are taking advantage of electronically driven
revenue increases and cost savings. For example, within journals, Taylor &
Francis is generating good incremental revenue through digital archives as well
as faster and more cost-effective production by means of print-on-demand. In
Maritime and Transport, the prestigious Lloyd's Maritime Intelligence Unit (MIU)
with a history dating back nearly 300 years, has benefited from the launch in
the summer of a new marine information portal: www.Lloydsmiu.com. The site
possesses the world's largest ship tracking system, currently capturing 28
million vessel positions a day.
Informa's broad geographic strength combined with deep-seated local knowledge
delivers results. All of Informa's business formats benefit from the Group's
international infrastructure. This has facilitated international product
roll-out. The Events businesses have taken market leaders such as 'SuperReturn',
the largest private equity event in the world, and 'The GSM World Series', the
premier mobile telecoms event brand, to Asia and North Africa respectively with
notable success. Performance Improvement has begun its franchise buy-back
programme and is seeing particular growth in its international operations where,
for example, ESI Europe, which specialises in project management, is expected to
have increased profits in 2006 by around 20%.
By matching costs to revenues across geographies, and spreading debt between
sterling, euros and dollars, the net effect of foreign exchange fluctuations in
Informa's 2006 results has been minimal, despite the volatility of the dollar.
The impact of further currency movements in 2007 will be mitigated by 2006
bolt-on acquisitions such as the Lawrence Erlbaum Associates behavioural science
and education business.
The Board looks forward with confidence to another good year of growth in 2007.
Peter Rigby, Informa's Chief Executive, notes:
'We moved into the second half of the year confident of more good performance in
2006. We expected the growth opportunities from the IIR acquisition and the
merger with Taylor & Francis in 2004 would pay off. And they have.
'We've a good balance of resilient and growth capturing businesses. This
combination has allowed us to invest ambitiously in growth and this means that
we move into 2007 with strong current trading, good visibility and pleasing
prospects for another successful year.'
The preliminary results for the 12 months ended 31 December 2006, will be
announced on 14 March 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 is the leading provider of specialist, high quality 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 highly
targeted audience. Informa publishes approximately 2,500 subscription based
products and services, 45,000 books and produces 10,000 events each year powered
by a marketing database of over 20 million names. It has an unparalleled
portfolio of brands including Lloyds List, Routledge, Taylor and Francis, IIR
and Euroforum. Informa operates in 70 countries, employing approximately 7,500
people in 150 offices.
This information is provided by RNS
The company news service from the London Stock Exchange