Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Informa PLC    INF   GB00BMJ6DW54

INFORMA PLC

(INF)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Informa to resume trade fairs in China from July, shares rise

share with twitter share with LinkedIn share with facebook
06/12/2020 | 07:52am EDT

By Yadarisa Shabong

Informa Plc plans to hold in July its first major event since the coronavirus pandemic led to widespread cancellations of trade fairs, the world's largest exhibitions organiser said on Friday.

Shares in the FTSE 100 company, which have lost nearly half their value this year, gained 9% after it said its China Beauty Expo in Shanghai - which draws more than 3,500 exhibitors - would kick off the resumption of post-lockdown events in China.

Informa, which organises events such as Monaco Yacht Show, World of Concrete and Arab Health, however said it was unlikely that physical events would resume before September in the United States, its largest market.

The company, which envisaged a nearly one-third drop in 2020 revenue, also identified cost savings of more than 400 million pounds to halt a slide in profit.

It estimates that annual revenue this year will be about 2 billion pounds against 2.89 billion pounds reported in 2019.

Analysts at Credit Suisse said the estimate was close to current consensus.

"Encouragingly, where events have been cancelled and the focus shifted to 2021, customer demand for rebates has been relatively low," Informa said in a statement.

Over 160 events have been cancelled or rescheduled from 2020 to 2021, it said, adding that another 300-plus brands have instead opted for digital events this year.

"Further rescheduling of events within 2020 is unlikely given the volume of brands now scheduled in the final four months of the year, with limited remaining venue capacity available," it said.

Informa raised 1 billion pounds through a share sale in April to cushion the impact of the pandemic.

The London-listed firm also said its subscription business was trading well, particularly across its clinical trials and drug development brands in the pharmaceutical sector.

(Reporting by Aniruddha Ghosh and Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips and Emelia Sithole-Matarise)

Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 10.87% 1.53 End-of-day quote.-20.10%
CREDIT SUISSE GROUP AG -1.92% 10.465 Delayed Quote.-18.58%
INFORMA PLC -1.70% 422.2 Delayed Quote.-49.88%
RISE, INC. -3.45% 28 End-of-day quote.-6.67%
THE NEW HOME COMPANY INC. 0.78% 3.88 Delayed Quote.-17.38%
WORLD CO., LTD. 1.55% 1571 End-of-day quote.-41.62%
share with twitter share with LinkedIn share with facebook
All news about INFORMA PLC
06:38aINFORMA : ConnecTechAsia Reveals Details of Event to Deliver Best-In-Class Virtu..
AQ
07/23INFORMA : Relx sales fall as virus hits events business
RE
07/13INFORMA : UK trade fair industry warns 30,000 jobs at risk as events yet to resu..
RE
07/13INFORMA : UK trade fair industry warns 30,000 jobs at risk as events yet to resu..
RE
06/30INFORMA PLC : Monthly statement on outstanding equity shares and voting rights
CO
06/12Informa to resume trade fairs in China from July, shares rise
RE
06/12INFORMA PLC : Proxy Statments
CO
05/31INFORMA PLC : Monthly statement on outstanding equity shares and voting rights
CO
05/14INFORMA PLC : Threshold crossings
CO
05/07INFORMA PLC : Threshold crossings
CO
More news
Financials
Sales 2020 1 926 M 2 524 M 2 524 M
Net income 2020 -17,9 M -23,4 M -23,4 M
Net Debt 2020 1 341 M 1 757 M 1 757 M
P/E ratio 2020 -240x
Yield 2020 1,56%
Capitalization 6 452 M 8 441 M 8 453 M
EV / Sales 2020 4,05x
EV / Sales 2021 3,02x
Nbr of Employees 11 000
Free-Float 99,7%
Chart INFORMA PLC
Duration : Period :
Informa PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INFORMA PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 572,79 GBX
Last Close Price 429,50 GBX
Spread / Highest target 51,3%
Spread / Average Target 33,4%
Spread / Lowest Target -35,4%
EPS Revisions
Managers
NameTitle
Stephen Andrew Carter Group Chief Executive Officer & Executive Director
Derek Mapp Non-Executive Chairman
Patrick Martell Group Chief Operating Officer
Gareth Richard Wright Group Finance Director & Executive Director
Simon Peter Hollins Group Chief Information Officer & CISO
Sector and Competitors
1st jan.Capitalization (M$)
INFORMA PLC-49.88%8 417
SCHIBSTED ASA31.40%8 713
PEARSON PLC-0.82%6 178
CHINA SOUTH PUBLISHING & MEDIA GROUP CO., LTD-8.79%2 793
JIANGSU PHOENIX PUBLISHING & MEDIA CORPORATION LIMITED-9.33%2 531
LAGARDÈRE SCA-21.05%2 331