Home » RELX share price: Company posts nine-month trading update

RELX share price: Company posts nine-month trading update

Farquar McIntosh
  • October 22nd, 07:26
  • Last Updated: October 21st, 14:38

RELX Plc (LON:REL) today released a trading update covering the nine months ended September 30. The report is provided below:

RELX Group, the global professional information company, reports continued underlying revenue growth in the first nine months of 2015 and reaffirms the outlook for the full year.
Underlying revenue growth +3% in the first nine months of 2015
Acquired 14 content, data and exhibition assets year to date, for a total consideration of £91m, with several additional transactions nearing completion. Disposed of 11 assets for £72m
Completed £425m of the previously announced £500m share buyback, with the remaining £75m to be deployed by year end
The full year outlook is unchanged: We are confident that 2015 will be another year of underlying revenue, profit, and earnings growth
**Scientific, Technical & Medical**
Underlying revenue growth +2%.
Our customer environment remains largely unchanged. Key business trends remained positive in the first nine months. In primary research we continued to see strong growth in article submissions and usage. Print book declines continued in line with the prior year.
Full year outlook: We expect 2015 to be another year of modest underlying revenue growth.
**Risk & Business Information**
Underlying revenue growth +7%.
Strong revenue growth across all key segments in the first nine months, driven by volume growth, the roll out of new products and services, and expansion into new verticals and adjacencies.
Full year outlook: We expect underlying revenue growth trends to continue.
**Legal**
Underlying revenue growth +1%.
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.
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 the US, Japan and Europe were unchanged. The slight reduction in overall growth rate reflects the macro economic slowdown in emerging markets.
Full year outlook: We expect underlying revenue growth trends to continue for the full year, with cycling out effects reducing the reported revenue growth rate by around four 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.*
As of 07:35 BST, Thursday, 22 October, Reed Elsevier plc share price is 1,153.00p.

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Farquar McIntosh
Farquar McIntosh began his career in metals trading, working for an established operator before going freelance as he still earns his crust as well as contributing to iNVEZZ's journalist team.

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