February 28, 2018 / 7:48 AM / 3 months ago

Event organisers Informa, UBM report rise in full-year earnings

Feb 28 (Reuters) - British event organiser Informa Plc and its takeover target UBM Plc reported a rise in adjusted full-year earnings on Wednesday, helped by strength in their events businesses.

Informa, which signed an agreement in January to buy UBM, set a target to improve underlying revenue growth to more than 3.5 percent in 2018.

Informa also forecast synergies from its purchase of U.S.-based information services company Penton to rise to $22.5 million in 2018.

It reported a 31.3 percent in adjusted operating profit to 545.5 million pounds ($758.5 million) for the year ended Dec. 31.

UBM’s adjusted operating profit grew 25.3 percent to 294.2 million pounds.

$1 = 0.7192 pounds Reporting by Esha Vaish in Bengaluru; Editing by Amrutha Gayathri

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below