Yahoo Finance FTSE 100: Relx lifts profit expectations
Information provider Relx (REL.L) expects annual profits to grow faster than ever before as face-to-face events return.
The London-based company reported underlying revenue growth for the year to date across the business of 9%.
It said momentum remains strong across the group, and it expects growth in revenue, adjusted operating profit and constant currency growth in adjusted earnings per share to "remain above historical levels".
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The FTSE 100-listed information-and-analytics group said underlying revenue growth in the year to date in the risk business was 7% and was 4% in the scientific, technical & medical business.
Its risk division helps prevent fraud and spots money laundering, the legal division, which owns LexisNexis, is used by lawyers, and the Scientific, Technical & Medical business, is used by researchers and doctors.
In the exhibitions business, face-to-face events had returned, boosting underlying revenue growth by 85% in the year to date, as the sector recovered from pandemic lockdowns and a return to travel.
Relxis a global provider of information-based analytics and decision tools for professional and business customers.
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The firm operates across four main areas: scientific, technical, and medical (37% of 2021 sales); risk (34%); legal (22%); and exhibitions (7%).
RelxGroup has three listings: its primary one in London and two more in New York and Amsterdam.
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