Events demand boosts Informa

EVENTS and subscriptions firm Informa has seen its shares shoot up after lifting its full-year earnings outlook amid strong demand for in-person and online events.

The FTSE 100-listed company said it was upping its revenue guidance by about £100 million and its profits by £15 million for the full year.

It now expects to bring in revenues between £2.3 billion and £2.35 billion, and adjusted operating profits between £490 million and £505 million.

Shares in Informa moved up by more than 8% in early trading yesterday as investors cashed in on the optimistic outlook for the firm.

Informa said that it lifted its expectations after seeing strong performances of its live and on-demand events in North America, Europe, the Middle East, Africa and Southeast Asia, as well as growth in its academic markets.

The company, which organises hundreds of specialist business-tobusiness events every year, was forced to move events online during Covid.

But a resurgence in physical events in all major markets post-Covid, and an improvement in the quality of digital services, has helped give the company a boost this year.