RELX Group's expects revenue, profit, earnings to grow for full year

Information and analytics company RELX Group said its outlook remains unchanged and it expects underlying revenue, profit and earnings to increase for the full-year.

Underlying revenues grew 4% during the first nine months of the year as the FTSE 100 company bought 15 content, data and exhibition assets for about £330m.

The company has completed about £670m of its most recently announced £700m share buyback, with the remainder due by the end of the year.

At its scientific, technical and medical division, underlying revenue rose 2%, and management´s guidance was for modest growth over the remained of the year at the unit.

The customer environment at the scientific, technical and medical division remained largely unchanged as "key" business trends were still positive with strong growth in usage and article submissions, although print book continued to decline.

In the risk and business analytics division, underlying revenue increased 9%, with “strong” revenue growth across all segments, due to volume growth, new products and services, and the expansion into adjacencies with revenue growth in the third quarter and expects the trend to continue.

For the legal division, underlying revenue growth came in at 2% as market conditions in the US and Europe remained stable, although the current trends would continue to limit the scope for underlying revenue growth.

Electronic revenue growth in legal was partially offset by a decline in print, while new platform releases continued, usage rates progressed.

In the exhibitions division, underlying revenue was up 5% as trends in Europe and the US were in line with last year, as Japan and China also grew, while the company expects cycling-in effects to increase the reported revenue growth rate by around three percentage points for the remainder of the year.