Organiser Informa Exhibitions has released half-year results for the period ending 30 June 2017.
Financial highlights of the report include the company’s strong free cash flow – making £113.8m (compared to £74.2m) in the first half of 2017 – which is on track to reach more than £400m in the full year.
The company also has an enhanced statutory operating profit, up 28.7 per cent to £182.2m in the first half of the year (£141.6m in 2016).
Stephen A. Carter, group chief executive, commented: “The Informa Group continues to make steady operational and financial progress in the fourth year of our acceleration programme, whilst effectively integrating US-based Penton Information Services ahead of plan.”
The company’s four-year (2014-17) Growth Acceleration Plan aims to improve the operational fitness and invest in strengthening the Group’s core capabilities. Its ambition is to build an ‘international, predictable and resilient business with a cycle of continuous reinvestment’, according to a released statement.
“Our increased balance and breadth, improving operational fitness and the benefits of consistent product investment give us confidence that we will meet our financial and operational targets for 2017, including further growth in revenue, earnings, cashflow and dividends,” continued Carter.
Looking ahead to the second half of 2017, the focus will be on expanding the organiser’s global exhibitions, ‘building a portfolio of large-scale international brands in attractive verticals’, combined with continuing product innovation.