UK event company Informa expects profit jump in 2024 (updated)

TechTarget

11/01/2024 08:30

(Adds details, background)
       Jan 11 (Reuters) - Events organiser Informa  INF.L  said
on Thursday it expected and a jump in profit in 2024, as the
British firm benefits from sustained post-pandemic demand for
in-person events as it branches out into new markets.
    The London-listed company expects high single-digit revenue
growth this year as its expansion into markets such as
healthcare and luxury pays off.
    Informa now expects 2024 adjusted operating profit in the
range of 945 million pounds and 965 million pounds ($1.21
billion to $1.23 billion).
    That is higher than the profit of 845 million pounds it
expects for 2023.
    Informa, on Wednesday, agreed to combine its digital
businesses with U.S.-based TechTarget  TTGT.O .
 
 ($1 = 0.7833 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Rashmi Aich)
 ((abyjose.koilparambil@thomsonreuters.com))