REG-RELX PLC TRADING UPDATE – October 2021

RelxAnnouncement

21/10/2021 07:05

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TRADING UPDATE – October 2021

 

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)


 * 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 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 to 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.

 * 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)


 * 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.

 * 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 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.

-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 or outcomes
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”, “will”, “believe”, “trends” and similar expressions
may indicate a forward‐looking statement. Important factors that could cause
actual results or outcomes to differ materially from estimates or forecasts
contained in the forward‐looking statements include, among others: current
and future economic, political and market forces; the impact of the Covid‐19
pandemic as well as other pandemics or epidemics; changes in law and legal
interpretations affecting RELX intellectual property rights and internet
communications; regulatory and other changes regarding the collection,
transfer or use of third‐party content and data; changes in the payment
model for our products; demand for RELX products and services; competitive
factors in the industries in which RELX operates; ability to realise the
future anticipated benefits of acquisitions; significant failure or
interruption of our systems; exhibitors’ and attendees’ ability and desire
to attend face‐to‐face events and availability of event venues;
compromises of our cyber security systems or other unauthorised access to our
databases; legislative, fiscal, tax and regulatory developments; exchange rate
fluctuations; 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. The Group serves customers in 180
countries and has offices in about 40 countries. It employs more than 33,000
people of whom almost half 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 £43bn/€51bn/$59bn.



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