Global B2B information services group Informa PLC has released its six-month financial figures for the period ending 30 June 2018.
Revenue during this period was £957m (US$1.26bn). Among the other key findings were improving revenue growth, reported at +4.6%, and increased adjusted operating profit, reported at +3.3% to £294m (US$387m).
Informa reported a free cash flow up 4.9% to £119m (US$157m). Their balance sheet showed net debt at 3.1x following their acquisition of UBM, at a total of £2.7bn (US$3.6bn).
Stephen A. Carter, group chief executive at Informa, said: “Informa continue 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.
“Our focus for the second half is clear: to maintain consistent operating performance, as we implement our Accelerated Integration Plan to combine UBM and Informa and create a truly international B2B information services group.”
Informa has also strengthened its senior management team in Asia, as part of the combination of UBM and Informa’s regional businesses into a single enlarged Asia business.
Over the course of the next 12 months, Informa’s business in Asia will be integrated into UBM Asia, creating a business with over 2,000 colleagues, and around 300 exhibition and event brands.
Among the new senior team will Jime Essink, Margaret Ma Connoolly, David Bondi, Athena Gong, and Michael Duck.