Informa to review part of conference business on back of revenue drop

Informa has launched a review of five of its conference businesses on the back of a 4.1% organic revenue decline. The company said the revenue dip followed restructuring in its conference businesses in Scandinavia, the Netherlands and Russia.

The performance of the Knowledge & Networking division in 2016 was impacted by weakness in regional conference businesses – those outside the UK, US and Dubai specifically, the company said. There will be a continued focus on Informa’s Branded Events within the key verticals of Finance, Life Sciences and TMT, the company said, while confirming a strategic review of its five remaining domestic conference businesses.

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