The Bookseller.com

5th July 2009

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Informa reports strong year-end

17.12.07

Informa, the STM business that owns Taylor & Francis, said that it was continuing to perform well in the second half of the year, with each of its three divivsions "contributing well to the year on year increase".

A group statement read: "Strong trading in our important September, October and November months which account for around 35% of group operating profit, is carrying on into December. The board is confident that the 2007 performance will be in line with our significant growth expectations. Organic revenue on a constant currency basis is projected to increase by 9%."

Publishing was finishing the year strongly across the Academic & Scientific, Professional and Commercial markets, the group added, while academic publishing was concluding a good 2007.

David Gilbertson, Informa's chief executive, said: "Our strategy to rebalance the company with a broader focus is paying off. We now have a good balance of high growth capturing and more defensive businesses. We are not over-exposed to any single sector or geography. Our publishing renewal rates, PI repeat business and Large Scale Events portfolio give us good
visibility into 2008. We move into the new year with confidence."

Financial stm Informa Taylor & Francis