Events Postponement Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Informa appoints two new Non-Executive Directors and confirms new Board responsibilities

Informa plc treating 2021 as ‘transition year’ as FY2020 results show 63.5% revenue drop in exhibition division Global exhibition, publishing and business information multinational, Informa plc has reported an underlying operating profit of £268m (US$372.8m) on revenues of £1.6bn in its FY2020 results, although its Informa Markets division, which includes exhibitions, was hit hard and saw a 63.5% revenue drop for the year. The FY plc results also reflect a one-off Covid-19 non-cash impairment of goodwill (£592.9m) and exceptional costs that led to a statutory operating loss of £880.4...

Publishing and events company Informa is forecasting a huge drop in annual revenues and profits following the cancellation of many exhibitions worldwide due to the coronavirus. The group expects 2020 revenues will range from £1.65billion to £1.68billion compared to £2.89billion in 2019 while adjusted operating profit is expected to fall by over 70 per cent to between £250million and £270million. Its three main events-led businesses were all badly hurt by the disruption, especially in the United States market, which was responsible for about 40 per cent of Informa's events revenue in 2019...

Informa trading update predicts gradual return of physical events rather than ‘full rebound’ The world’s largest exhibitions group Informa plc, in a 6 January update on trading ahead of its 2020 full-year results on 22 April 2021, has forecast a 70% drop in profit and is scheduling 90% of its physical events outside mainland China to run only from June 2021. The group acknowledged minimal major physical events activity had returned in 2020 outside of China. The group’s revenue return for 2020 was expected to be in the range of £1.65bn (US$2.25bn)-£1.68bn and group adjusted operating...