Managing ME risks better than we thought

研报英文原文证据摘录

Managing ME risks better than we thought

Equity Research

European Media

31 July 2026

Informa PLC

Managing ME risks better than we

thought

Informa can reiterate FY26 organic guidance for group (6%+/-) INF.L/INF LN OVERWEIGHT

and B2B Events (7%+) despite Middle East risks. This is Unchanged

because a) they likely always had flex; b) shows outside the European Media UnchangedNEUTRAL

region doing well; c) new launches and local emphasis within Price Target GBp 1055

ME. This really showcases the power of the portfolio. raised 2% from GBp 1030

Price (30-Jul-26) GBp 914

Potential Upside/Downside +15.5%

It seems Informa can manage a conflict near a key events region without really breaking Source: Bloomberg, Barclays Research

stride – that is a pretty impressive indication of the power of their B2B events portfolio, in

our view. How have they managed to reiterate guidance of 6%+/- group organic revenue Market Cap (GBP mn) 11492

growth and 7%+ B2B Events organic for 2026, despite some international exhibitors at H2 Shares Outstanding (mn) 1257.64

Dubai shows (especially) likely not being able to attend? Firstly, they probably originally Free Float (%) 99.85

hoped for a "big plus" after the 7% B2B Events guidance but now there is probably only a 52 Wk Avg Daily Volume (mn) 2.3

"small plus": they used up some natural flex. Then they are flagging good progress in Dividend Yield (%) 2.46

exhibitions outside IMEA, and we have moved our forecasts up there. And lastly, they are Return on Equity TTM (%) 0.18

working hard to minimise the impacts in the affected parts of IMEA: they are launching Current BVPS (GBp) 444

some new shows and working on local/intra-regional attendance, where issues like Source: Bloomberg

shipping are not a problem.