RELX PLC NINE MONTH TRADING UPDATE - 2016
27 October 2016 - 5:00PM
UK Regulatory
TIDMREL
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 GBP330m, in line with
prior years Completed approximately GBP670m of the
previously announced GBP700m 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) Paul Abrahams (Media)
+44 (0)20 7166 5751 +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 GBP28nb/EUR32bn/$35bn*.
*Note: Current market capitalisation can be found at
http://www.relx.com/investorcentre
Issued on behalf of RELX PLC and RELX NV
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161026006417/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 27, 2016 02:00 ET (06:00 GMT)
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