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Investing.com -- Informa shares rose around 2% on Tuesday as the company reaffirmed its 2025 outlook after reporting solid performance across its divisions in the first ten months of the year.
The British events and academic publishing group reported 6.6% like-for-like (LFL) revenue growth through the first ten months of 2025, or 7.6% including its stake in TechTarget.
The B2B Events division — which accounts for about two-thirds of group revenue — saw growth accelerate slightly to 8.7%, ahead of forecasts.
The Academic Publishing arm, Taylor & Francis, rose 3% in the same period.
TechTarget , 57%-owned by Informa , returned to positive growth in the third quarter after a weak first half, and reiterated its full-year guidance for flat revenues.
This “implies even better growth in Q4 after a 10M decline of -2.7%,” Kepler Cheuvreux analyst Conor O’Shea said in a note.
Group guidance for the year was reiterated, calling for more than 6% underlying revenue growth and at least 10% adjusted EPS expansion. Management maintained its revenue target of around £4 billion for 2025.
O’Shea described the release as a “very reassuring trading update,” saying it could lead to upgrades to 2025 forecasts and further share price gains.
The analyst noted that after “segment-leading share price performance year-to-date,” which it said was justified by strong organic growth and the absence of AI-related headwinds in the main B2B business, valuation multiples at around 17x 2025 earnings now “look fuller.”