INforma PLC press release

by | Apr 24, 2021 | 0 comments

#

 Informa (LSE: INF.L), the Information Services, Advanced Learning, B2B Exhibitions and Events Group today announced its financial results for the 12 months ended 31 December 2020 and provided an update on trading to date in 2021, in what will be The Transition Year for physical events. 

Key 2020 Highlights 

  • Full Year 2020 Results: Adjusted Operating Profit1 of £267.8m (2019: £933.1m) on revenues of £1,660.8m (2019: £2,890.3m), in line with guidance and reflecting the significant pandemic-impact on physical Events business; One-off COVID-19 non-cash impairment of goodwill and other exceptional costs result in statutory operating loss of £880.4m (2019: £538.1m profit); 
  • Continuing Stability & Security: Strength in Subscriptions-led businesses in 2020, combined with our COVID-19 Action Plan, have delivered Stability and Security; costs matched to current activity levels through £600m+ cost savings, and balance sheet secured, with liquidity of more than £1bn, removal of all financial covenants and positive cash generation in the first quarter of 2021; 
  • Subscriptions Strength & Performance: Strong performances by our Subscriptions businesses have continued into Q1 2021, reflecting consistent investment in specialist content and digital platforms. Full year target is for positive underlying1 growth at Taylor & Francis and 4%+ underlying1 growth at Informa Intelligence. Growth underpinned by consistent performance in clinical trials intelligence, supported by addition of TrialScope, and strong growth in intelligence products for US retail banks, with further opportunities for product expansion through a potential combination with Novantas
  • 2021 – The Transition Year: 2021 will be The Transition Year for B2B physical events, as permissions progressively return and B2B customer confidence rebuilds. This will vary by region and customer market, with Mainland China, North America and the Middle East, in that order, tracking ahead of Europe. The pace of return in B2B physical events will determine the extent of improvement beyond this year’s baseline Group revenue commitment of £1.7bn. 
  • 2022-2024 – Revitalisation and Growth: Demand for B2B Event platforms that connect buyers and sellers efficiently, at scale, remains strong, as evidenced through the return of our business in Mainland China (45+ events and 1.2m attendees since June). Confidence in a period of Revitalisation and Growth through 2022-2024 is underpinned by the strength of our portfolio, built around major B2B brands (75% of revenue) in major locations (65%+ Mainland China and North America). 
  • Expanding Digital Services: We continue to expand our range of adjacent B2B digital services. Across the portfolio, we delivered more than £100m of revenue in 2020 from virtual and hybrid events, with further growth targeted in 2021. In addition, our belief in the power and value of data is being accelerated through Iris, a centralised platform for collating, managing and curating all our customer data across B2B events and digital services; 
  • Board update: John Rishton confirmed as next Chair of Informa, effective from the AGM in June, bringing significant business and Board experience to the role. Gill Whitehead confirmed as Chair of Audit and Group Chief Operating Officer, Patrick Martell, appointed to the Board. 
Stephen A. Carter, Group Chief Executive, Informa PLC, said:  “The strength and performance of Informa’s subscriptions businesses, combined with actions undertaken in 2020 to protect and preserve our brands and customer relationships in B2B Events, are delivering continuing Stability and Security in 2021, in 

0 Comments

Submit a Comment

LATEST NEWS

SUBSCRIBE TO OUR PODCAST

Share This