Informa buying spree pays off ahead of £3.9bn UBM merger
BUSINESS intelligence and events group Informa posted a major growth in revenue yesterday, as preparations get underway for its £3.9bn takeover of UBM.
Revenue jumped over 30 per cent to over £1.7bn, with growth across all four sections: exhibitions, business intelligence, academic publishing and networking events.
Adjusted profit before tax grew by almost 30 per cent to £486.4m. The annual dividend was nudged up to 20.45p per share.
Shares were up 1.4 per cent at the close.
The biggest growth in revenue was in global exhibitions, with revenue up 75 per cent due to the integration of several acquisitions including Pentin Information Services and Yachting Prom...