Relx confirms annual outlook for revenue and profit growth

(Alliance News) - Relx PLC told its annual general meeting on Thursday that it has started the ...

Alliance News 25 April, 2024 | 8:58AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Relx PLC told its annual general meeting on Thursday that it has started the year well across all four of its business areas, leaving its 2024 guidance unchanged.

Relx is a London-based provider of information-based analytics and decision tools for professional and business customers.

It provided no actual figures on Thursday, but said it is seeing "positive momentum across the group". It expects "strong underlying growth" in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share at constant currency.

For 2023, Relx booked revenue of GBP9.16 billion, up 7.1% on 2022. Adjusted operating profit was GBP2.72 billion, up 9.1%.

For its Risk; Scientific, Technical & Medical; and Legal divisions, Relx further specified that underlying adjusted operating profit growth is expected to slightly exceed underlying revenue growth. For the Exhibitions business, Relx said only that it expects strong underlying revenue growth and further improvement in adjusted operating margin. Exhibitions is the company's smallest division at 12% of revenue, while Risk is the largest at 34%.

Relx shares were down 0.4% to 3,292.00 pence early Thursday in London.

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
RELX PLC 3,358.00 GBX 2.25 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures