International exhibition organiser Informa has published its results statement for the 12 months to 31 December 2016.
Key financial highlights from the document include the company’s 11 per cent revenue growth to £1,345.7m, adjusted operating profit growth of 13.8 per cent to £426.1m and free cash flow of £307.7m.
The company is now in the fourth year of its 2014-2017 growth acceleration plan, which encompasses targeted organic and inorganic expansion in key verticals in the USA and integration with Penton Information Services, which the organiser acquired for £1,180bn in 2016.
Stephen A. Carter, Group chief executive, said: “2016 was a steady and strong year for the Group, where the business grew on all key financial measures, whilst expanding significantly in the US and investing substantially in its products. This sets Informa up well for further progress in 2017.
“The current year will be characterised by accelerated change as we combine the newly-acquired Penton business with Informa, and as we complete planned GAP investments, reap the benefits of our international scale and continue to strengthen capabilities across the Group.”