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………… .. informa Informa PLC Press Release 29 July 2021 Half - Year Results for Six Months to 30 June 2021 2021-2022 : Improving Revenues , Profits and Cashflow 2021-2024 : Growth Acceleration Plan II ( GAP II ) Informa ( LSE : INF.L ) , the Information Services , Advanced Learning , B2B Exhibitions and Events Group today announced its financial results for the six months ended 30 June 2021 , reporting further strength in its Subscriptions - led businesses and returning confidence across its B2B events portfolio . Stephen A. Carter , Group Chief Executive , Informa PLC , said : " Informa's Subscriptions - led businesses continue to deliver improving growth , reflecting our consistent investment in product development and increasing focus on specialist brands in growth markets . " He added : " Our Physical Events business is increasingly returning in Mainland China and progressively rebuilding in North America and the Middle East , with positive forward bookings and growing commercial confidence . Clearly , however , there is continuing restriction and uncertainty in other parts of the world and we continue to monitor the rules and relaxation approaches on a country - by - country basis . " He concluded : " Looking ahead over the next three years , a Growth Acceleration Plan will focus on delivering further growth in Subscriptions and Services , progressive recovery in Physical Events and continued expansion of our range of Digital Services , to meet growing customer demand for data - led , digital solutions in all our businesses . " H1 2021 Financial Highlights Revenue and Profit : Statutory revenues of £ 688.9m ( H1 2020 £ 814.4m ) and Adjusted Operating Profit¹ of £ 69.2m ( H1 2020 : £ 118.6m ) reflect differing pandemic - impacts on the Physical Events business in the front half of 2020 and 2021 ; ● 1 ● ● 2021-2022 : Improving Revenues , Profits and Cashflow Improving performance : Further strength in Subscription - led businesses is now being supported by growing commercial confidence in returning Physical Events and deeper digital diversification ; Increased revenue guidance : Revenue guidance for the 2021 Transition Year raised to £ 1,800m ± ( from £ 1,700m + ) , with adjusted operating profit expected to be £ 375m + post currency effects ; Forward momentum into 2022 , underpinned by improving conversion of profits into cash ; ● Improving statutory performance : The reduction in COVID - related exceptional costs and lower non - cash intangible amortisation delivers improvement in statutory operating loss to - £ 58.0m ( H1 2020 : £ 739.9m ) ; ● Strong Free Cash Flow¹ : High cash conversion , supported by strong subscription renewals , positive forward bookings and low levels of refunds , delivers Free Cash Flow¹ of £ 134.1m ( H1 2020 : £ 71.3m ) Decreasing Net Debt : ¹ Free Cash Flow strength , combined with currency effect , drives a reduction in net debt to £ 1,890.1m ( FY 2020 : £ 2,029.6m ) ; Strong financial position and growing confidence in the outlook reflected in investment grade status from Fitch , Moodys and Standard & Poors . Confidence in returning Physical Events and Digital Services : In all three of Informa's major geographic markets ( North America , Mainland China , Middle East ) , we are seeing a progressive return of physical event activity alongside increasing demand for Digital Services , with good customer support and progressive rebooking into 2022 ; Informa PLC | Half - Year Results for Six Months to 30 June 2021 informa.com