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Informa PLC on Thursday said it expects to grow revenue further, as it celebrated an ‘outstanding’ 2024.
The London-based business information and events company said pretax profit fell 17% to £407.3 million in 2024 from £492.1 million in 2023.
Adjusted pretax profit, however, rose 9.7% to £915.4 million from £834.6 million. Adjusted profit excludes accounting items such as fair value gain on contingent consideration, which was £29.5 million in 2024, down from £87.6 million in 2023.
Revenue grew 11% to £3.55 billion from £3.19 billion.
Cost of sales increased 8.7% to £1.21 billion from £1.12 billion. Other operating costs increased 12% to £249.7 million from £222.5 million. Staff costs came in 9.3% higher at £984.0 million from £900.6 million.
Informa proposed a final dividend of 13.6p, up 11% from 12.2p a year ago. This brings the total payout for 2024 to 20.0p, up 11% from 18.0.
Chief Executive Officer Stephen Carter said: ‘On every measure, the Informa group delivered an outstanding result in 2024, from revenue growth to higher dividend returns, alongside further international and portfolio expansion. This is a performance we aim to repeat in 2025.’
Looking ahead, the company targets underlying revenue growth over 5% before any contribution from inorganic additions.
Informa targets revenue over £4.1 billion for 2025, up about 15% from 2024.
Shares were down 3.1% to 794.40 pence each on Thursday morning in London.
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