21st Oct 2021 09:06
(Alliance News) - RELX PLC on Thursday highlighted an improved year-to-date performance across the company, as the business and scientific information provider predicted annual growth in revenue and earnings.
The information and analytics firm reported underlying revenue growth of 6% for the first nine months of 2021. Full year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, are all now expected to be "above historical trends".
The Risk division performed particularly well in the period, with underlying revenue growth of 10% on the back of demand for fraud prevention and identity software products.
Underlying revenue in the Exhibitions unit grew 9%, driven by a gradual reopening of exhibition venues across geographies.
Within Scientific, Technical & Medical, underlying revenue grew 4%, driven by electronic sales which continued to grow well, while print revenue remained stable. Databases & tools and e-reference revenue continued to grow strongly, RELX added.
Underlying revenue growth is expected for the year from all of the firm's divisions, RELX stated.
RELX shares were 1.3% higher at 2,243.00 pence each in London on Thursday morning, outperforming the wider FTSE 100 index, which was down 0.4%.
By Will Paige; [email protected]
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