Some industries may be struggling to convince the market of their relevance after the pandemic, but Informa is making its case successfully. The events juggernaut has upgraded its annual guidance for a second time on the heels of a faster recovery from the global lockdowns that caused its profits to more than halve in 2020.
Revenue this year is expected to be north of £3.15 billion, 3 per cent better than the £3.05 billion previously anticipated. An upgrade of much higher magnitude was issued for adjusted operating profit, which is now expected to be upwards of £840 million, from £790 million. That should leave revenue and profits ahead of 2019 levels, even after the sale of its Pharma Intelligence business last year.
Progress has been
