|Bid||348.90 x 0|
|Ask||349.20 x 0|
|Day's range||345.80 - 356.80|
|52-week range||326.70 - 875.40|
|Beta (5Y monthly)||0.76|
|PE ratio (TTM)||N/A|
|Earnings date||21 Sep 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||18 Jun 2020|
|1y target est||898.20|
Last week, you might have seen that Informa plc (LON:INF) released its half-year result to the market. The early...
As part of its plan to save 600 million pounds by the end of the year though cost-cuts, Informa said it would lay off staff in North America and Europe, the Middle East and Africa regions to align with an expected drop in revenues and a rise in costs. Informa said it has extended its postponement programme to mid- to late-spring of next year and that it was targeting revenues of around 1.7 billion pounds in 2020. On an adjusted basis, Informa reported operating profit of 118.6 million pounds on revenues of 814.4 million pounds, beating analysts' expectations.
The world's largest exhibitions group, with around 11,000 employees mostly in the United States, Britain and China, reported an operating loss, including exceptional items, of 740 million pounds down from a profit of 248.3 million pounds last year, hit chiefly by COVID-19 impairments amounting to 592.9 million pounds. The London-based company, whose shares have sunk 45% since March, said a combination of lower costs and effective cash management would make it cashflow positive on a monthly basis by January next year. Revenue is seen at about 1.7 billion pounds this year, down from the 2 billion pounds it expected earlier, Informa said.