Sees FY adj revenue, operating profit at high end of guidance (Il Sole 24 Ore Radiocor) - London, 08 May - The UK publishing, business intelligence and exhibitions group Inform said that it is increasing its share buyback commitment for 2024 by about 50% to 500 million pounds thanks its "strong operating performance, continuing cash flow strength and forward visibility" The CEO, Stephen Carter, said that "All Informa's businesses are performing ahead or in line with 2024 targets, delivering growth and momentum which sees us delivering at the upper end of guidance range." For the full year, Informa expects underlying revenue to rise by a high single digit rate.

It added that revenue is expected to be at the upper end of the range of 3.450-3.500 billion pounds and adjusted operating profit to be at the upper end of the range of 950-970 million pounds.

Adjusted free cash flow is expected to be above 720 million pounds.

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(RADIOCOR) 08-05-24 19:11:31 (0712) 5 NNNN