Informa Cuts Outlook After Saudi Event Disruptions
Informa lowered its annual revenue growth outlook to three percent after regional attacks forced the rescheduling of major events in Saudi Arabia. The exhibitions group shifted several Riyadh gatherings to virtual formats or later dates.
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INFORMA PLC cut its annual underlying revenue growth outlook to 3% from 6% on Tuesday morning. The downgrade follows regional security disruptions forcing event cancellations in Saudi Arabia. The exhibitions group expects zero further financial contribution from the kingdom this year.
