Taylor & Francis 2022 results predicted to show 3% growth

Taylor & Francis is expected to deliver 3% underlying new growth for the 2022 fiscal year, according to a trading update from parent company Informa issued ahead of full-year results in March.

T&F, Informa’s academic division, saw continued strong performance in traditional pay-to-read publishing and further progress in open research with underlying growth up from 2.4% in 2021, the update said. Actual revenues fell at T&F in 2021 by 1.9% to £545.4m.

Informa as a whole is expecting 2022 revenue to come out at £2.38bn, with adjusted operating profit of £530m and free cashflow of £440m. Growth in its B2B events portfolio and expansion in B2B digital services were also cited as contributors to the year. The figures, if confirmed in the final results, will represent major year-on-year growth at the company, which last year recorded revenues of £1.8bn.

Stephen Carter, group chief executive, said: "Informa finished 2022 strongly and has entered 2023 with continuing momentum. Strong performances in both academic markets and B2B markets, combined with our strengthened balance sheet, mean Informa will deliver further strong underlying growth, continuing organic investment and additional targeted expansion, alongside enhanced shareholder returns."