Relx plc (REL)

Sector:

Media

Index:

FTSE 100

3,560.00p
   
  • Change Today:
    -32.00p
  • 52 Week High: 3,725.00
  • 52 Week Low: 2,835.00
  • Currency: UK Pounds
  • Shares Issued: 1,862.52m
  • Volume: 2,878,054
  • Market Cap: £66,306m
  • RiskGrade: 128

Relx confident of fulfilling expectations after revenue growth

By Duncan Ferris

Date: Thursday 24 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Relx on Thursday maintained its full-year outlook after confirming underlying revenue growth in the first nine months of the year.
The information-based analytics and decision tools provider said underlying revenue increased by 4% over the first nine months of the year, with the third quarter yielding some improvement in underlying metrics in all four of its business areas when compared to the first half.

Year-to-date underlying revenue growth was strongest at its risk and business analytics division, which booked a 7% rise driven by growth in insurance.

The exhibitions segment saw underlying revenue jump by 6% in the first nine months of the year after the negative impact of venue constraints in Japan was more than offset by good conditions in China, Europe and the US.

Meanwhile, the scientific, technical and medical and legal business units enjoyed growth of 1% and 2%, respectively, over the nine month period ended 30 September.

So far in 2019, Relx has made 12 acquisitions for a total of £378m and disposed of seven assets for £62m, while the remaining £50m of its previously announced £600m share buyback was set to be deployed before the start of 2020.

"As we enter the final quarter of 2019 key business trends are in line with the full year 2018. We remain confident that, by continuing to execute on our strategy, we will deliver 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 in 2019," said the company.

Analysts from Liberum said they remained confident in Relx's ability to deliver against market expectations for the full year due to the organic revenue demonstrated across all business units.

Relx shares were 2.80% higher at 1,819.00 at 0952 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Reed Elsevier Market Data

Currency UK Pounds
Share Price 3,560.00p
Change Today -32.00p
% Change -0.89 %
52 Week High 3,725.00
52 Week Low 2,835.00
Volume 2,878,054
Shares Issued 1,862.52m
Market Cap £66,306m
RiskGrade 128

Reed Elsevier Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.73% below the market average99.73% below the market average99.73% below the market average99.73% below the market average99.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
73.28% above the market average73.28% above the market average73.28% above the market average73.28% above the market average73.28% above the market average
73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average73.91% above the sector average
Income
90.9% below the market average90.9% below the market average90.9% below the market average90.9% below the market average90.9% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
4.69% above the market average4.69% above the market average4.69% above the market average4.69% above the market average4.69% above the market average
9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 4
Sell 0
Strong Sell 0
Total 13
buy
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Reed Elsevier Dividends

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Paid 05-Sep-24 13-Jun-24
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Trades for 31-Oct-2024

Time Volume / Share Price
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Reed Elsevier Key Personnel

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