Relx Reports Good Start to Year, Backs Guidance
By Anthony O. Goriainoff
Relx said the year started well for all four of its business areas and backed its outlook.
The FTSE 100 listed information-and-analytics group said Thursday that the improvement in long-term growth trajectory continued to be driven by the shift in its business mix toward higher-growth analytics and decision tools.
The company said that growth at its risk division--which makes up 34% of revenue--remains driven by financial crime & compliance and digital fraud & identity solutions. Insurance continues to be driven by the further extension and development of solutions across insurance markets, it said.
The scientific, technical and medical business--which makes up 33% of revenue--had good underlying revenue growth, driven by the evolution of the business mix toward higher growth segments, it said.
"We continue to see positive momentum across the group, and we expect another year of strong underlying growth in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share on a constant currency basis," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
April 25, 2024 02:57 ET (06:57 GMT)
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