Informa holds its 2013 final dividend at 12.5p

DividendMax Ltd.

Informa holds its 2013 final dividend at 12.5p

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 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
  • Academic Publishing and Global Events performing well

 

 

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."

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