UBM.L - 3971718

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  • Reuterslast year

    Informa posts higher profit, raises cost savings target from UBM deal

    Informa, which organises over 500 exhibitions each year, stuck to its 3.5 percent underlying revenue growth forecast for 2018, including UBM's growth contribution. As companies look for ways to connect directly with customers in a changing media and advertising landscape, event organisers such as Informa and UBM benefit from their focus on business-to-business customers. Informa, which closed the £3.9 billion UBM purchase last month, now expects cost savings of £75 million by the end of 2021, higher than the £60 million it estimated in January.

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