Informa blames early Easter for revenue drop

 
Suzie Neuwirth

BRITISH business media group Informa today announced a decline in revenue of 3.6 per cent in the first quarter, due to an early Easter impacting the schedule.

The company said that a number of events had to be re-scheduled into the second quarter to avoid the holiday season.

However, full-year targets remain unchanged, with growth weighted to the second half of the year.

“Trading in the new financial year has been broadly as expected and while the economic backdrop continues to provide little support, we remain on track to meet our full year targets,” said CEO Peter Rigby. “Our academic and large event businesses have performed particularly well in the early months and while trading has been mixed in some other areas, we expect trends to continue to improve through the year.”