Exhibitions group Informa raises earnings forecast

(Reuters) - Britain's Informa on Friday raised it earnings forecast for the current year after its 2023 profit more than doubled as the events organiser benefited from the return of live events post the pandemic-led slump and strong performance across its markets.

The world's largest exhibition group raised its adjusted operating profit forecast for 2024 to a range between 950 million pounds to 970 million pounds ($1.22 billion-$1.24 billion), higher than its January forecast of 945 million pounds and 965 million pounds.

Its adjusted operating profit for the year ended on Dec. 31 was up 59.1% on an underlying basis at 853.8 million pounds.

($1 = 0.7809 pounds)

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonia Cheema)