Informa will expand its events portfolio in Asia-Pacific and emerging markets after returning stronger revenue and operating profits in 2010.
The company reported events revenue of £551.4 million for the year to 31 December 2010, down one per cent year-on-year, prompted by lower US results. However, global operating profit on events increased 10 per cent organically to £93.5m.
The results were off the back of total revenue of £1.22bn in 2010, and adjusted operating profits of £313.2m (up 1.2 per cent).
Despite a reduction in several marginal events and activities, Informa reported 76 events run last year contributed more than £500,000 revenue each, up 10 per cent year-on-year. The company has 120 exhibitions in its portfolio.
“Forward bookings across our exhibition business and the outlook for the conference businesses remain positive,” Informa stated in its financial report. “We are intending to launch new trade shows and conferences in 2011, build on our market leading positions in the Middle East and within the healthcare sector, as well as expand into key geographies within the Far East and Latin America.”
In particular, Informa will look to run larger, more resilient events. The company acquired Australian Exhibitions and Conferences Group last year, gaining 12 large events.
“After the economic difficulties experienced over the last two years, the Group is in a strong place to deliver organic growth,” Informa CEO Peter Rigby continued. “We are investing in new products, recruiting and enhancing our sales teams and geo-cloning our leading events.”