22nd Oct 2015 08:49
LONDON (Alliance News) - Information and publishing company RELX PLC on Thursday affirmed its expectations for the full year as its underlying revenue growth improved across its divisions.
RELX said its underlying revenue grew 3.0% in the first nine months of 2015, leaving the company confident it will meet its full-year targets for revenue, profit and earnings growth. Underlying figures for the company are at constant currencies and strip out the effects of acquisitions and disposals.
Scientific, Technical & Medical underlying revenue grew 2.0% in the first nine months, supported by a largely unchanged market, with good article submissions and usage offsetting print book declines. Risk & Business Information revenue rose 7.0%, with growth in all key segments driven by better volumes, new products and services and expansion into new verticals.
Legal underlying revenue was up 1.0%, with stable conditions in the US and Europe and electronic revenue growth offset in part by print declines. Exhibitions underlying revenue rose 5.0%, with solid performances in the US, Europe and Japan, but growth slowing slightly due to weaker macroeconomic conditions.
Shares in RELX were down 1.0% to 1,142.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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