UK's Informa posts 10.7% revenue growth for 10-month period
Adds sector context in paragraph 2, CEO comment in paragraph 3
Nov 19 (Reuters) -Informa INF.L, the UK events and academic publishing group, posted a 10.7% revenue growth in the first 10 months of this year, and reiterated its annual outlook, partly buoyed by strength in its live events businesses.
The events sector has seen a resurgence over the past two years as businesses have resumed in-person conferences and exhibitions, steadily rebounding from the COVID-19 pandemic-induced downturn.
CEO Stephen Carter said in a statement that the group is set to maintain robust performance into 2025, driven by forward bookings, and highlighted the strength of its business-to-business brands and proprietary first-party data business.
Over the last four years, Informa has bolstered its business-to-business divisions, and identified growth opportunities in the increasingly sophisticated live events segment.
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala
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