The South China Beauty Expo (SCBE) by Informa Markets, BolognaFiere and Shanghai Baiwen Exhibition Co Ltd will be held for the first time at the Shenzhen Convention and Exhibition Center from July 30 to August 1, 2020.Read more
Informa Markets reports 2019 results and 2020 plans
The fiscal year 2019 was a good one for Informa Markets as the events division of Informa Group saw an underlying revenue increase of +4.3% to £1,450m. The adjusted operation profit added up to £493.3m, an underlying increase of +7.5% compared to 2018. The adjusted operation margin was 34%. In 2019, Informa Markets accounted for 50.2% of group revenue and 52.9% of adjusted operating profit. This included revenue of £101m from biennial events. The top 50 event brands account for about 50% of the division's revenues. All divisions entered 2020 with positive momentum and a strong pipeline of activity and forward bookings. As the impact of COVID-19 became clear, rescheduling started through a dedicated postponement programme. Around 45 large events will be moved to a later date in 2020. Stephen A. Carter, group chief executive, Informa PLC, said: "We are facing a 2020 impact from COVID-19 in our events-related businesses and so we have used our strong customer and supplier relationships to swiftly deploy a material postponement programme, shifting our events calendar to later dates in 2020. Our brands and strong platforms continue to provide attractive opportunities for further market specialisation and future growth".