Relx sees FY profits above historical trends

Information provider Relx on Thursday said full-year annual profit would be higher than historical trends, after underlying revenue grew 9% in the year to date.

Relx’s risk, scientific, technical & medical business and exhibitions units were all expected to outperform annual trends.

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.

"Momentum remains strong across the group, and we continue to expect full year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to remain above historical trends," Relx said.

Reporting by Frank Prenesti for Sharecast.com