Wednesday, March 14, 2007

Informa Post Big Gain

Informa plc the event and publishing company which is the result of the Taylor and Francis and Informa merger several years ago posted a 50% gain in 2006 profit. The company also announced that Chairman Richard Hooper would retire and his position taken by current CEO Peter Rigby. Informa produces over 10,000 events, 40,000 book titles and 2,000 subscription products.

The company purchased a large events business in 2005 and 2006 was the first year revenues both included the full year impact of all recent acquisitions and did not include any material partial year acquisition revenue. In 2006 full year revenue was up over 40%. The company also said they are off to a fast start for 2007 but have ruled out any immediate additional acqusitions.

Here are their bullet point headlines:
  • Revenue up 42% to over £1 billion
  • Adjusted operating profit3 49% higher at £219 million
  • Total dividend increases 40%
  • Strong trading across all three divisions (Academic & Scientific, Professional and Commercial) and all three business streams (Publishing, Performance Improvement (PI) and Events)
  • Return on IIR acquisition exceeds cost of capital
  • Adjusted operating margin rises above 21%
  • Cash conversion more than 100% of adjusted operating profit
  • Confident of 2007 outlook
Here is the link to the Management discussion of the results and outlook for 2007.

No comments: