SPECIALIST business publisher Informa announced a drop in revenue for the first nine months of 2012 yesterday, but said it was still trading in line with its expectations for the whole year.
Organic revenue fell two per cent compared to last year in the nine months to 30 September, blaming a tough trading environment for the decline.
The group’s academic division performed well, turning in like-for-like growth of 2.2 per cent year-on-year. But revenue was dragged down by Informa’s professional and commercial information division, where organic growth fell by 4.7 per cent, and its events and training arm, where it declined by 2.6 per cent.
“The quality of our content and brands puts us in a strong position even in what remains a lacklustre macro environment,” said Informa’s chief executive Peter Rigby.
City A.M. Reporter