REG-RELX PLC NINE MONTH TRADING UPDATE - 2016 <Origin Href="QuoteRef">REL.L</Origin>

RelxAnnouncement

27/10/2016 07:00

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NINE MONTH TRADING UPDATE - 2016



7.00am BST

27 October 2016

RELX Group, the global professional information and analytics company, reports
continued underlying revenue growth in the first nine months of 2016 and
reaffirms the outlook for the full year.

                                                                                                                                                       
 * Underlying revenue growth +4% in the first nine months of 2016                                                                                      
 * Acquired 15 content, data and exhibition assets year to date, for a total consideration of approximately £330m, in line with prior years            
 * Completed approximately £670m of the previously announced £700m share buyback, with the remainder to be deployed by year end                        
 * The full year outlook is unchanged: We are confident that we will deliver another year of underlying revenue, profit, and earnings growth in 2016   

Scientific, Technical & Medical
* Underlying revenue growth +2%. 
* Our customer environment remains largely unchanged. Key business trends
remained positive with strong growth in usage and article submissions. Print
book declines continued. 
* Full year outlook: We continue to expect modest underlying revenue growth.
Risk & Business Analytics
* Underlying revenue growth +9%. 
* Strong revenue growth across all key segments, driven by volume growth, the
roll out of new products and services, and expansion into adjacencies, with
particularly strong transactional revenue growth in the third quarter. 
* Full year outlook: We expect underlying revenue growth trends to continue.
Legal
* Underlying revenue growth +2%. 
* Market conditions in the US and Europe remain stable. Electronic revenue
growth was partially offset by print declines. The roll out of new platform
releases continued, and adoption and usage rates progressed well. 
* Full year outlook: Trends in our major customer markets are unchanged,
continuing to limit the scope for underlying revenue growth.
Exhibitions
* Underlying revenue growth +5%. 
* Underlying revenue growth trends in Europe and in the US were in line with
prior year. Japan continued to grow strongly, and China saw good growth. 
* Full year outlook: We expect underlying revenue growth trends to continue to
be in line with the prior year. In the full year we expect cycling-in effects
to increase the reported revenue growth rate by around three percentage
points.
Underlying figures are additional performance measures used by management, and
are calculated at constant currencies, excluding the results of all
acquisitions and disposals made in both the year and prior year, assets held
for sale, exhibition cycling, and timing effects.

-ENDS-

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

FORWARD–LOOKING STATEMENTS: This Results 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 a number of
risks and uncertainties that could cause actual results or outcomes to differ
materially from those currently being anticipated. The terms “outlook”,
“estimate”, “project”, “plan”, “intend”, “expect”,
“should be”, “will be”, “believe”, “trends” and similar
expressions identify forward-looking statements. Factors which may cause
future outcomes to differ from those foreseen in forward-looking statements
include, but are not limited to competitive factors in the industries in which
the Group operates; demand for the Group’s products and services; exchange
rate fluctuations; general economic and business conditions; legislative,
fiscal, tax and regulatory developments and political risks; the availability
of third-party content and data; breaches of our data security systems and
interruptions in our information technology systems; changes in law and legal
interpretations affecting the Group’s intellectual property rights and other
risks referenced from time to time in the filings of the Group with the US
Securities and Exchange Commission.

About RELX Group

RELX Group is a world‐leading provider of information and analytics for
professional and business customers across industries. The group serves
customers in more than 180 countries and has offices in about 40 countries. It
employs approximately 30,000 people of whom half are in North America. RELX
PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV
is an Amsterdam listed holding company which owns 47.1% of RELX Group. The
shares are traded on the London, Amsterdam and New York Stock Exchanges using
the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and
RENX. The total market capitalisation is approximately £28nb/€32bn/$35bn*.

*Note: Current market capitalisation can be found at
http://www.relx.com/investorcentre

Issued on behalf of RELX PLC and RELX NV




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