RELX report as follows:
Highlights
- RELX has started the year well across all four business areas and has continued to deliver strong underlying revenue and profit growth, and strong new sales
- Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers
- We continue to develop and launch these products by leveraging deep customer understanding to combine our unique content and comprehensive data sets with advanced artificial intelligence technologies
Full year outlook
- 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
Risk
- Strong underlying revenue growth continues to be driven across segments by our deeply embedded, AI-enabled analytics and decision tools.
- Business Services continues to be driven by Financial Crime Compliance and digital Fraud & Identity solutions, and strong new sales.
- Insurance continues to be driven by further innovation and adoption of contributory databases and market-specific solutions, and strong new sales.
- Full year outlook: We expect continued strong underlying revenue growth with underlying adjusted operating profit growth exceeding underlying revenue growth.
- Improving underlying revenue growth continues to be driven by the evolution of the business mix towards higher growth, higher value analytics and tools, the increasing pace of new product introductions, and strong new sales.
- Databases, Tools & Electronic Reference continues to be driven by higher value-add analytics and decision tools, with continued rollout, adoption and usage growth of our AI-enabled tools.
- Primary Research continues to be driven by volume growth, with article submissions growing very strongly across the portfolio.
- Full year outlook: We expect good to strong underlying revenue growth with underlying adjusted operating profit growth exceeding underlying revenue growth.
Scientific, Technical & Medical
Legal
- Strong underlying revenue growth continues to be driven by the shift in business mix towards higher growth, higher value legal analytics and tools. Renewals and new sales are strong across all key segments.
- In Law Firms & Corporate Legal, double-digit growth continues to be driven by the adoption and expansion of our core AI-enabled legal research and analytics platform with its integrated agentic legal assistant (Lexis+ with Protégé).
- Government & Academic and News & Business continue to be driven by the further extension of analytics and decision tools.
- Full year outlook: We expect continued strong underlying revenue growth with underlying adjusted operating profit growth exceeding underlying revenue growth.
Exhibitions
- Strong underlying revenue growth continues to be driven by the improved ongoing growth profile of our event portfolio, and good progress on value-enhancing digital initiatives.
- Full year outlook: Notwithstanding the rescheduling of some events in the Middle East, we continue to expect strong underlying revenue growth with an improvement in adjusted operating margin over the prior full year.
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