Media group Informa grows thanks to healthy demand for events services

Strong demand for events and exhibitions enabled British business media group Informa to post organic revenue growth of 4.2 percent in the last nine months and reiterate its full-year expectations.

The company, which publishes shipping guide Lloyd's List and organises a varied list of exhibitions and events, said on Wednesday it had posted the organic growth despite the tough economic background.

Much of the growth was driven by its events and training business, which posted organic revenue growth for the period of 5.2 percent, which it said was slightly ahead of the expected full-year growth rate.

The exhibition division performed well with a strong performance from its new Brazilian printing show, an Australian furniture show and the Monaco Yacht show.

"Although the economic environment is uncertain, we have not seen any impact on current trading," Chief Executive Peter Rigby said. "The group is generating organic growth across all three divisions, recent acquisitions are performing well and we remain on track to meet our expectations for the full year."