REG-RELX PLC AGM Trading Update - April 2025

RelxAnnouncement

24/04/2025 07:02

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AGM Trading Update - April 2025

 

News release

24 April 2025

AGM TRADING UPDATE

RELX, the global provider of information-based analytics and decision tools,
has issued the following update on trading ahead of the Annual General
Meeting, reaffirming the outlook for the full year.
 Highlights                                                                      
 
                                                                               
 
*RELX has started the year well across all four business areas. Our improving  
 long-term growth trajectory continues to be driven by the ongoing shift in      
 business mix towards higher growth analytics and decision tools that deliver    
 enhanced value to our customers across market segments.                         
 
                                                                               
 Full year outlook                                                               
 
                                                                               
 
*The full year outlook is unchanged: We continue to see positive momentum      
 across the group, and we expect another year of strong underlying growth in     
 revenue and adjusted operating profit, as well as strong growth in adjusted     
 earnings per share on a constant currency basis.                                
 
                                                                               
                                                                                 


Risk (34% of 2024 revenue)


 * Strong underlying revenue growth continues to be driven across segments by our
deeply embedded, AI-enabled analytics and decision tools. Business Services
growth continues to be driven by Financial Crime Compliance and digital Fraud
& Identity solutions and strong new sales. Insurance growth continues to
be driven by the further extension of solution sets, supported by positive
market factors and new sales.

 * Full year outlook: We expect continued strong underlying revenue growth with
underlying adjusted operating profit growth slightly exceeding underlying
revenue growth.

Scientific, Technical & Medical (32% of 2024 revenue)


 * Good underlying revenue growth continues to be driven by the evolution of the
business mix, with higher growth segments representing an increasing
proportion of divisional revenue. Databases, Tools & Electronic Reference
growth continues to be driven by higher value-add analytics and decision
tools, and Primary Research continues to be driven by volume growth, with
article submissions growing very strongly.

 * Full year outlook: We expect continued good underlying revenue growth with
underlying adjusted operating profit growth slightly exceeding underlying
revenue growth.

Legal (20% of 2024 revenue)


 * Strong underlying revenue growth continues to be driven by the shift in
business mix towards higher growth, higher value legal analytics and tools.
Lexis+AI, our platform leveraging generative AI, has continued its successful
roll-out in the US and international markets, and Protégé, our recently
launched next generation generative AI assistant, has been positively received
by customers. Renewals and new sales remain strong across all key segments.

 * Full year outlook: We expect continued strong underlying revenue growth with
underlying adjusted operating profit growth exceeding underlying revenue
growth.

Exhibitions (13% of 2024 revenue)


 * Strong underlying revenue growth continues to reflect the improved growth
profile of our event portfolio, and we continue to make good progress on
value-enhancing digital initiatives.

 * Full year outlook: We expect strong underlying revenue growth with an
improvement in adjusted operating margin over the prior full year.

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. Some figures and
sub-totals add up to slightly different amounts than the totals due to
rounding.

-ENDS-
 ENQUIRIES:  Colin Tennant (Investors)  Paul Abrahams (Media)  
 
           
                          
                      
             +44 (0)20 7166 5751        +44 (0)20 7166 5724    


DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended. These statements are
subject to risks and uncertainties that could cause actual results of RELX PLC
(together with its subsidiaries, “RELX”, “we” or “our”) to differ
materially from those expressed in any forward-looking statement. We consider
any statements that are not historical facts to be “forward-looking
statements”. The terms “outlook”, “estimate”, “forecast”,
“project”, “plan”, “intend”, “expect”, “should”,
“could”, “will”, “believe”, “trends” and similar expressions
may indicate a forward-looking statement. Important factors that could cause
our actual results to differ materially from estimates or forecasts contained
in the forward-looking statements include, among others: regulatory and other
changes regarding the collection or use of personal data; changes in law and
legal interpretation affecting our intellectual property rights and internet
communications; current and future geopolitical, economic and market
conditions; changes in the payment model for our scientific, technical and
medical research products or research integrity issues; competitive factors in
the industries in which we operate and demand for our products and services;
our inability to realise the future anticipated benefits of acquisitions;
compromises of our cybersecurity systems or other unauthorised access to our
databases; changes in economic cycles, trading relations, communicable disease
epidemics or pandemics, severe weather events, natural disasters and
terrorism; failure of third parties to whom we have outsourced business
activities; significant failure or interruption of our systems; our inability
to retain high-quality employees and management; changes in tax laws and
uncertainty in their application; exchange rate fluctuations; adverse market
conditions or downgrades to the credit ratings of our debt; changes in the
market values of defined benefit pension scheme assets and in the market
related assumptions used to value scheme liabilities; breaches of generally
accepted ethical business standards or applicable laws; and other risks
referenced from time to time in the filings of RELX PLC with the US Securities
and Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
announcement. Except as may be required by law, we undertake no obligation to
publicly update or release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this announcement or to
reflect the occurrence of unanticipated events.

Notes for Editors

About RELX

RELX is a global provider of information-based analytics and decision tools
for professional and business customers. RELX serves customers in more than
180 countries and territories and has offices in about 40 countries. It
employs more than 36,000 people over 40% of whom are in North America. The
shares of RELX PLC, the parent company, are traded on the London, Amsterdam
and New York stock exchanges using the following ticker symbols: London: REL;
Amsterdam: REN; New York: RELX. The market capitalisation is approximately
£77bn/€92bn/$95bn.



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