Strong subscription revenues have helped specialist business-to-business publisher Informa report a 13 per cent increase in revenue.
In its end-of-year results, published this morning, the Lloyd’s List publisher said advertising accounted for just three per cent of the group’s revenues.
Thirty per cent comes from subscription-based products and 57 per cent from publishing.
The company said it had achieved annualised cost savings of £33m and its profit margin rose to 23.9 cent.
It reported that renewal rates on its 2,500 subscription-based products remained at very high levels.
There was also a robust performance for exhibitions and large scale events, but Informa said it was predicting a tougher outlook for smaller events and training.
Revenues were up 13 per cent to £1.3bn. Adjusted operating profit on a like-for-like basis was up 14 per cent to £172.5m.
Informa chairman Derek Mapp said: “Informa has a strong portfolio of businesses that balances geographic and sector exposure and has high quality subscription based products with high visibility cash flow streams.
“Our overall expectations for 2009 have not changed. We will not be immune to recession, however we expect to benefit from a more favourable translation of overseas earnings.”