Annual financial statement
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& RELX 11 February 2021 RESULTS FOR THE YEAR TO 31 DECEMBER 2020 RELX , the global provider of information - based analytics and decision tools , reports results for 2020 . 2020 Highlights Our three largest business areas , STM , Risk and Legal , which together accounted for 95 % of RELX revenue in 2020 , all continued to deliver underlying growth in revenue and in adjusted operating profit . Electronic revenue , representing 87 % of the total , grew well across all divisions , in line with recent years . Print revenue , which represented 8 % of the total , declined more steeply than in recent years . Exhibitions , which accounted for 5 % of revenue in 2020 , has been impacted significantly by the Covid - 19 pandemic . We are proposing a 3 % increase in the full year dividend to 47.0p ( 45.7p ) . 2020 2019 Change £ m £ m Three largest business areas : Revenue 6,748 6,605 + 2 % Adjusted operating profit 2,245 2,165 + 4 % Exhibitions : Revenue 362 1,269 -71 % Adjusted operating profit ( 164 ) 331 -150 % RELX revenue by format : Electronic 6,179 5,929 + 4 % Print 586 685 -14 % Face - to - face 345 1,260 -73 % 2020 Results summary Revenue £ 7,110m ( £ 7,874m ) Adjusted operating profit £ 2,076m ( £ 2,491m ) Adjusted profit before tax £ 1,916m ( £ 2,200m ) Reported operating profit £ 1,525m ( £ 2,101m ) Reported profit before tax £ 1,483m ( £ 1,847m ) Adjusted EPS 80.1p ( 93.0p ) Proposed full year dividend 47.0p ( 45.7p ) Reported EPS 63.5p ( 77.4p ) Net debt / EBITDA 3.3x ; cash conversion rate 97 % Completed 11 acquisitions for total consideration of £ 878m 2021 Outlook We expect each of our three largest business areas , STM , Risk and Legal , to deliver another year of underlying revenue and adjusted operating profit growth in 2021 , similar to pre - Covid - 19 trends . The timing and pace of recovery in Exhibitions remains uncertain . ENQUIRIES : Colin Tennant ( Investors ) +44 ( 0 ) 20 7166 5751 Paul Abrahams ( Media ) +44 ( 0 ) 20 7166 5724