Informa said it expects to report underlying revenue growth of 3% for the full financial year of 2017, in line with expectations outlined within its ten-month trading statement published in November.
For the 2017 financial year, Informa confirmed that it expects to deliver positive revenue growth in all four operating divisions. Revenues for Academic Publishing is expected to rise 2%, Business Intelligence 2.2%, Global Exhibitions 7.6% and Knowledge & Networking 0.1%.
Informa said it expects to deliver adjusted, fully diluted earnings per share of more than 45.5p, with free cash flow of around £400m.
The group proposed a final dividend of 13.80p per share, with a proposed record date of 20 April 2018, to give total dividends per share for 2017 of 20.45p, a year-on-year increase of 6.0%.
For the 2018 financial year, Informa said it aims to target underlying revenue growth of more than 3.5%, building on the strong foundations of its Growth Acceleration Plan, or GAP, and the positive momentum throughout 2017.
Informa provided an update on its recently agreed deal to acquire events organiser UBM, as CEO Stephen A. Carter, Chief Executive of Informa said:
'This is the right moment to join forces, enabling the Enlarged Group to capture more fully the international growth opportunities in B2B Information Services, while providing benefits for Customers and Colleagues in the markets that we serve around the world.'
'We will implement an Accelerated Integration Plan that will establish the Enlarged Group swiftly and smoothly, helping to secure significant operating synergies, to seize incremental growth opportunities and to deliver significant value for shareholders.'