As expected, Informa’s H1 20 were badly hurt by the pandemic’s impact on physical events, although consolidated revenues (-£593m to £814m) and adjusted OP (-73%; £118.6m) were above street estimates. Non-cash impairments/exceptional costs also hurt, leading to a statutory pre-tax loss. The COVID-19 Action Plan is being pursued and the postponement plan is now due to last until mid/late Spring 2021. Costs savings raised to > £600m savings by year-end (ver
21 Sep 2020
Pursuing COVID-19/ postponement programmes within a tough environment
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Pursuing COVID-19/ postponement programmes within a tough environment
Informa Plc (INF:LON) | 786 4.7 0.1% | Mkt Cap: 10,727m
- Published:
21 Sep 2020 -
Author:
Véronique Cabioc'h -
Pages:
4
As expected, Informa’s H1 20 were badly hurt by the pandemic’s impact on physical events, although consolidated revenues (-£593m to £814m) and adjusted OP (-73%; £118.6m) were above street estimates. Non-cash impairments/exceptional costs also hurt, leading to a statutory pre-tax loss. The COVID-19 Action Plan is being pursued and the postponement plan is now due to last until mid/late Spring 2021. Costs savings raised to > £600m savings by year-end (ver