19 July 2022
Key Highlights
• Full Year Guidance Reconfirmed: Underlying revenue growth of 40%+ to be reported for H1 2022, reflecting continuing strength in Academic Markets, strong return in Live & On-Demand Events and progressive growth in B2B Digital Services; Full year expectations reaffirmed at the top-end of guidance range, underpinned by strong forward visibility and commitments
Trading through the first half of 2022 has been robust across Academic Markets, B2B Markets and Informa Intelligence, with Group underlying revenue growth for the six-month period expected to be more than 40% and underlying adjusted operating profit growth over 120%. This is expected to produce Group revenues of over £1,050m and Group adjusted operating profit of over £220m, with adjusted Earnings per Share over 10p (all reflecting Continuing and Discontinued Operations).
Our Academic Markets business, Taylor & Francis, is delivering consistent growth in Pay to Read Subscriptions and Advanced Learning, and further strong growth in Pay to Publish services, including in F1000 and across our broader Open Research offering. This will see underlying revenue growth of 3% and revenues of £255m+ in the first half of 2022, putting us firmly on track to meet the full year target of 3%.
More here: https://www.informa.com/media/press-releases-news/ (July news items)