Informa’s profit up 19% in first half year

London, 24th July: Earlier this week, London-listed Informa PLC released its financial results for the six months ended 30th June 2024. Revenues in the first half were £1.7 billion (US$2.1 billion), representing an underlying increase of 11%. Adjusted operating profit was £467 million (US$590 million), representing growth of 19%.

Informa’s event business, Informa Markets, generated revenues of £838 million (US$1.1 billion) during the period, an increase of 13%. Informa Markets posted an adjusted operating profit of £275 million (US$345 million), up 25% year-on-year.

Meanwhile, Informa also released recommended offer for Ascential plc. The company will acquire the entire share capital of Ascential at 568 pence per share, which is approximately £1.2 billion (US$1.5 billion), and a premium of about 53% to the closing price on 21st July 2024.