Informa jhas ust confirmed the group’s FY20 revenues would be in line with its last guidance (£1.65-1.68bn versus AV’s £1.7bn), thanks to the sound subscription businesses’ performance. Consolidated adjusted OP nonetheless is expected to be £250-270m, which is below our £330m forecast.
Still mixed FY21e indications with “return expected for physical events, rather than full rebound and recovery”.
We will make a downward adjustment to our FY20 earnings as we had expected a stronger adjusted OP ....
06 Jan 2021
FY20 earnings badly impacted by COVID-19 and still low Events’ visibility ahead…
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FY20 earnings badly impacted by COVID-19 and still low Events’ visibility ahead…
Informa Plc (INF:LON) | 835 -51.8 (-0.7%) | Mkt Cap: 11,390m
- Published:
06 Jan 2021 -
Author:
Véronique Cabioc'h | Zeineb Rourou -
Pages:
3
Informa jhas ust confirmed the group’s FY20 revenues would be in line with its last guidance (£1.65-1.68bn versus AV’s £1.7bn), thanks to the sound subscription businesses’ performance. Consolidated adjusted OP nonetheless is expected to be £250-270m, which is below our £330m forecast.
Still mixed FY21e indications with “return expected for physical events, rather than full rebound and recovery”.
We will make a downward adjustment to our FY20 earnings as we had expected a stronger adjusted OP ....