24th Oct 2024 11:36
(Correcting the date of share movement to Thursday from Wednesday)
(Alliance News) - Relx PLC on Thursday said it continues to see positive business momentum, as it reported underlying revenue growth for the year-to-date.
The FTSE 100-listed provider of information-based analytics and decision tools said its underlying revenue growth increased by 7% in the first nine months of the year, driven by a strong performance across its Legal, Risk and Scientific divisions, which collectively accounted for 87% of revenue.
The Risk division, which brings in 35% of revenue, saw strong new sales across business services, insurance and specialist industry data services, Relx said.
The Exhibitions division, at 13% of revenue, recorded underlying revenue growth of 13%, with Relx crediting this to a favourable prior-year comparator and the "improved growth profile of its event portfolio".
The London-based firm reaffirmed its outlook for the full year, saying it expects "another year of strong underlying growth in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share on a constant currency basis."
Relx shares were trading up 1.0% at 3,626.00 pence on Thursday morning in London.
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.