HIGHLIGHTS
Financial
- Group organic revenue growth (continuing) of 1.5% to £1,132.4m (2012: £1,110.6m)
- Adjusted operating profit (continuing) up 1.5% to £335.5m (2012: £330.5m)
- Adjusted diluted EPS growth (continuing) of 5.0% to 40.1p (2012: 38.2p)
- Statutory loss of £6.4m (2012: £90.7m profit), reflecting loss from discontinued operations of £109.5m
- Strong cash flow – cash conversion (continuing) increased to 99% (2012: 94%)
- Net debt/EBITDA ratio of 2.2 times (2012: 2.1 times)
- Deferred income growth of 8% at constant currency
- Final dividend maintained at 12.50p; total dividend up 2.2% to 18.90p (2012: 18.50p)
Operational
- Appointment of Stephen Carter as new Group Chief Executive
- Strategic investment in China through the acquistion of a majority stake in Baiwen, the owner and operator of China Beauty Expo
- Disposal of non-core Corporate Training businesses for USD 150m
- Launch of open access publishing brand, Cogent OA
- Over 275 large events held in 2013
Stephen Carter, Group Chief Executive, said: “I was delighted to take over as Group Chief Executive of Informa at the start of this year. As the reported figures highlight, the Group delivered a solid earnings and cash performance last year. This has led the Board to pay a total dividend for the year of 18.90p.
Succeeding such a long-standing Chief Executive is a privilege and comes with attendant responsibilities. The privilege lies in being given the opportunity to work with the people and the businesses that make Informa so unique, all of which operate in the Knowledge and Information Economy. The responsibilities are to transition the business, the culture and the operating model post such long-term leadership.”
He added, “For Informa, 2014 will be a year of measured change, operational focus and building a platform for the future growth of the Group.”
Divisional Highlights – continuing operations
| 2013 | 2012 | Actual | Organic | |
| £m | £m | % | % | |
| Academic Publishing* | ||||
| Revenue | 367.1 | 340.3 | 7.9 | 5.3 |
| Adjusted Operating Profit | 130.9 | 126.1 | 3.8 | 3.1 |
| Adjusted Operating Margin (%) | 35.7 | 37.1 | ||
| Business Intelligence* | ||||
| Revenue | 350.6 | 356.6 | (1.7) | (3.9) |
| Adjusted Operating Profit | 109.1 | 120.7 | (9.6) | (12.8) |
| Adjusted Operating Margin (%) | 31.1 | 33.8 | ||
| Global Events* | ||||
| Revenue | 414.7 | 413.7 | 0.2 | 3.0 |
| Adjusted Operating Profit | 95.5 | 83.7 | 14.1 | 12.6 |
| Adjusted Operating Margin (%) | 23.0 | 20.2 |
* Following the disposal of the Corporate Training businesses, the three divisions have been renamed: Academic Information has been renamed Academic Publishing; Professional and Commercial Information has been renamed Business Intelligence; Events and Training has been renamed Global Events. Please note that in 2012 the results for Global Events include a contribution from Robbins Gioia which was sold in May 2012.
UK, London
Related articles:
- Informa acquires a stake in Chinese company Baiwen November 27, 2013
- Informa completes the disposal of its five Corporate Training businesses October 1, 2013
- Informa plc – Half year results Posted on July 30, 2013
- Informa disposes of its five corporate training businesses Posted on July 19, 2013
- Stephen Carter to replace Peter Rigby as Informa Group Chief Executive Posted on July 11, 2013
- Informa plc – Full year results for the Year Ended 31 December 2012 Posted on February 22, 2013
- Informa acquires Zephyr Associates for $62M Posted on October 16, 2012
- Informa plc – Half Year Results Posted on July 26, 2012
