London, 17th November: Informa PLC, which owns the world’s largest commercial exhibition organiser, Informa Markets, released a trading update this week. The company expects group revenues to be approximately £1.8 billion (US$2.4 billion) in 2021 and adjusted operating profit will be £375 million (US$503 million).

According to the group, more than 250 face-to-face and smart events were held and key participation metrics and rebooking rates have improved throughout the year. Informa Markets, its events business, together with other business sectors posted over 20% underlying revenue growth (from April to year-end). The full year growth rate is expected to be 7%. In terms of cash flow, the group expects more than £325 million (US$436 million) of free cash flow in 2021 – excluding any divestment proceeds.