RELX Backs 2019 Outlook
25 April 2019 - 4:37PM
Dow Jones News
By Adria Calatayud
RELX PLC (REL.LN) said Thursday that its outlook for 2019
remains unchanged as key business trends in the year to date remain
broadly consistent with 2018.
The London-based information and analytics company said it
remains confident of delivering another year of underlying growth
in revenue and in adjusted operating profit, together with growth
in adjusted earnings per share on a constant currency-basis.
RELX is forecast to make an adjusted operating profit of 2.36
billion pounds ($3.05 billion), according to a consensus based on
estimates by six analysts polled by FactSet. Revenue is expected to
come in at GBP7.83 billion this year, according to a FactSet
provided consensus based on 18 analysts' estimates.
The company said it has completed five acquisitions for a total
consideration of GBP236 million in the year to date as it continues
to reshape its portfolio.
RELX has bought back shares worth GBP250 million so far this
year of the previously announced GBP600 million share repurchase
program.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
April 25, 2019 02:22 ET (06:22 GMT)
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