Earnings release
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TRADING UPDATE - October 2021 RELX , the global provider of information - based analytics and decision tools , reports underlying revenue growth for the first nine months of 2021 and updates the outlook for the full year . Highlights Underlying revenue growth + 6 % in the first nine months of 2021 Full year outlook Based on the improved performance year to date across the company , we expect full year underlying growth rates in revenue and adjusted operating profit , as well as constant currency growth in adjusted earnings per share , to be above historical trends . Risk ( 36 % of H1 2021 revenue ) ● Full year outlook : We expect underlying revenue growth to be slightly above historical trends , with underlying adjusted operating profit growth broadly matching underlying revenue growth . Scientific , Technical & Medical ( 37 % of H1 2021 revenue ) Underlying revenue growth + 4 % Electronic revenue , 87 % of the divisional total , continued grow well , while print revenue remained stable . Primary Research growth was driven by continued market share gains in both subscription and open access payment models . Databases & tools and e - reference continued to grow strongly . Underlying revenue growth + 10 % In Business Services , demand for fraud prevention and identity solutions continued to drive double digit growth . Insurance growth was driven by strong new sales and further expansion in adjacent verticals . Data Services showed varying dynamics across segments , but recently returned to strong growth overall . Government continued to grow strongly . Full year outlook : We expect underlying revenue growth to be slightly above historical trends , with underlying adjusted operating profit growth slightly exceeding underlying revenue growth . Legal ( 23 % of H1 2021 revenue ) ● & RELX 7.00am BST 21 October 2021 ● Full year outlook : We expect underlying revenue growth to be slightly above historical trends , with underlying adjusted operating profit growth exceeding underlying revenue growth . Exhibitions ( 4 % of H1 2021 revenue ) Underlying revenue growth + 9 % Revenue growth was driven by a gradual reopening of exhibition venues across geographies . Full year outlook : We expect strong underlying revenue growth , with total costs broadly matching total revenue for the full year . Underlying revenue growth + 3 % Electronic revenue , 88 % of the divisional total , continued to grow well , while print revenue declined broadly in line with historical trends . Increased adoption of our integrated research products and leading legal analytics continued to drive good renewal rates and strong new sales . Underlying growth rates are calculated at constant currencies , excluding the results of acquisitions until twelve months after purchase , and excluding the results of disposals and assets held for sale . Underlying revenue growth rates also exclude exhibition cycling , and timing effects . ENQUIRIES : Colin Tennant ( Investors ) +44 ( 0 ) 20 7166 5751 -ENDS Paul Abrahams ( Media ) +44 ( 0 ) 20 7166 5724