RELX reported underlying revenue growth of 7% over the first nine months of the year, in line with market expectations.
The Legal division grew at the fastest pace, up 9%, driven by a shift in business mix towards higher growth, higher-value legal analytics and tools. Growth rates in the other three divisions were all in mid-to-high single-digit territory.
Guidance for the full year is unchanged, pointing to “strong” increases in underlying revenue and operating profit.
The shares were down 1.4% in early trading.
Our view
HL view to follow.
RELX key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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