According to Informa plc:
Key financial highlights:
* Accelerating organic revenue growth: +2.5% vs +0.2% in H1 2015 and +1.0% FY 2015
* Higher reported revenue: +4.7% to £647.7m (H1 2015: £618.8m)
* Increased adjusted operating profit: +6.3% to £202.2m (H1 2015: £190.3m)
* Higher statutory operating profit: +8.6% to £141.6m (H1 2015: £130.4m)
* Growth in adjusted diluted EPS: +3.1% to 23.1p (H1 2015: 22.4p)
* Increased interim dividend: up 4% to 6.80p (H1 2015: 6.55p)
* Robust balance sheet with secure pension position: Gearing of 2.4x (H1 2015: 2.4x)
* Strong underlying free cash flow, full year on track; first-half phasing with £20m GAP investment: £67.7m (H1 2015: £116.4m)
Stephen A. Carter, Group Chief Executive, said: “Informa continues to deliver operational and financial progress as investment activity peaks in Year 3 of the Growth Acceleration Plan.
He added: “Our focus on delivery, combined with the scale benefits of our US expansion programme, gives us confidence we can again meet our full-year targets, including a third year of revenue growth and improved adjusted earnings.”
