Informa confirmed its FY20 estimates, reporting in line figures. Although the Events activities (2/3rds of the business) have been significantly hurt by the pandemic, the group’s financial position is better than guided in September.
The group has committed to delivering at least £1.7bn of revenues in FY21e and to remain cash-flow positive throughout the year. The extent to which revenues surpass this baseline will depend on the recovery of events ex-Mainland China.
Minor downgrades expected t ....
22 Apr 2021
The worst is over, but the future is not clear yet…
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The worst is over, but the future is not clear yet…
Informa Plc (INF:LON) | 785 -28.2 (-0.5%) | Mkt Cap: 10,703m
- Published:
22 Apr 2021 -
Author:
Zeineb Rourou -
Pages:
3
Informa confirmed its FY20 estimates, reporting in line figures. Although the Events activities (2/3rds of the business) have been significantly hurt by the pandemic, the group’s financial position is better than guided in September.
The group has committed to delivering at least £1.7bn of revenues in FY21e and to remain cash-flow positive throughout the year. The extent to which revenues surpass this baseline will depend on the recovery of events ex-Mainland China.
Minor downgrades expected t ....