Earnings: Informa Outperforms Its Market Guidance Set At The Start of 2023, Increases Targets for 2024

March 18, 2024

Informa, the international B2B events, digital services and academic markets company (owner of TSNN, Exhibit News Now and Corporate Event News), confirmed a 30% increase in underlying revenue (excluding acquisitions and disposals) for the full-year 2023 and increase in its guidance for 2024 with more than £500m ($626m) revenue already delivered so far this year, according to its earnings statement. (Using the exchange rate of GBP/USD 1.25 on March 10)

During an investor presentation on March 8, Informa Group Chief Executive Stephen Carter (pictured right) said: ”Informa’s final results confirm further outperformance in 2023 and continuing momentum and growth in 2024.” Watch the full presentation here.

He continued: ”Strong growth in IMEA, (India, Middle East & Africa), which is emerging as a material geographic growth engine alongside the Americas, China, ASEAN and Europe, leads to updated 2024 guidance. We are expanding our platform in B2B Digital Services through the proposed combination with TechTarget.”

2023 vs. 2022: Informa reported revenue £3,189.6m ($3,997.5m) in 2023, compared with £2,262.4m in 2022, and adjusted operating profit £853.8m ($1,070.4m), compared with £496.3m ($622.2m) in 2022 — significantly ahead of market guidance set at the start of 2023, when it projected more than 20% year-on-year growth in revenue and more than 35% growth in adjusted operating profit from continuing businesses, according to its March 9, 2023 statement

Related: Informa Reports Double-Digit Revenue Growth in 2023 and Merger With TechTarget 

Timeline: Building the Informa Group from 2013 to 2024 

Looking ahead: The combination of all the above drives an increase in guidance

to reported revenue of £3,450m-£3,500m ($4,325m-$4,387m), adjusted operating profit of £950m-£970m ($1,191m-$1,203m), excluding the proposed combination with TechTarget.

International expansion in 2024: The expansion of Informa’s brand portfolios in the UAE, Kingdom of Saudi Arabia, Kingdom of Bahrain, India, Egypt and Turkey is driving strong regional growth, where there is growing demand for B2B market access, live experiences and specialist knowledge, said Carter. The company plans for organic expansion in fast growth economies, including multiple new event launches across IMEA, China and ASEAN in 2024.

Growth in Live in 2024: Informa is projecting strong underlying growth in live and on-demand events — particularly in the pharma, healthcare, technology, aviation, food and beauty sectors — combined with targeted inorganic expansion in 2023 and the prospective combination with TechTarget, total B2B revenues increase to about £3bn ($3.7bn).

Major Events & Industry Sectors by Informa Markets and Informa Connect in 2024

Outlook for Informa Connect in 2024: Informa is expecting strong organic growth. Combined with portfolio additions from Tarsus, Winsight and Informa Tech Events, Informa Connect will increase annual revenues to more than $1 billion, delivering high-value, content-led events and subscription data to six growth markets, including biotech and life sciences, finance, foodservice, anti-aging and aesthetics, lifestyle and technology, according to Carter.


The New Informa Group: Figures relate to 2024, including annualized figures for New TechTarget, assuming proposed combination between Informa Tech’s digital businesses and TechTarget completes as planned.

Read the full transcript of the March 8 presentation here. See the full slides from the presentation here.


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