Half Year 2024 Informa PLC Earnings Call Transcript
Key Points
- Informa PLC (IFJPY) reported strong underlying revenue growth of 13% driven by robust performance in Asia and North America.
- The company achieved consistent volume growth at existing events and through the launch of new ones.
- Informa Tech saw a strong first half with underlying revenue growth of 15.5%, largely driven by the LEAP franchise in Saudi Arabia.
- Taylor & Francis delivered accelerating growth with underlying revenue growth of 7.5%, boosted by AI partnerships.
- The company reported a small increase in operating profit margin to 27.5% for the first half of 2024.
- The biennial down year in 2024 posed a headwind, impacting reported results due to the absence of larger, higher-margin events.
- Currency fluctuations, particularly the strengthening of sterling, negatively affected reported results.
- The company faces challenges in maintaining growth in Mainland China, which is growing below the group average.
- Integration of recent acquisitions, such as Tarsus and Winsight, may present operational challenges.
- The company is operating at the upper end of its leverage range, which may limit its capacity for further M&A activities in the short term.
Finally, the outlook for the remainder of 2024 and 2025 looks really positive. Our underlying revenue growth of 13% is driven by strong performance in Asia and North America, but coming below that level, actually all the markets and all the businesses are showing strong growth year-on-year. We're also delivering consistent volume growth, both at existing events and through the launch of new ones and our international network here is a key advantage.
And we talked about the tower business, the partnership in Saudi Arabia earlier in the year and today, and that's grown from nothing three years ago to a scale business, operating 10 events in 2024. And then combination of volume and value growth is what is delivering 13% growth at the half year and expect to deliver double-digit underlying revenue growth in 2024 as a whole.
And as Stephen touched on earlier, we've got more than 100 of those brands in our business with the major brands with scale brands on track to grow by more than 15% this year. Informa Connect we
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
