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Relx PLC on Thursday said it expects underlying growth rates for 2022 to remain above historical levels due to a good performance by its businesses.
The London-based data analytics provider said 2022 has begun promisingly.
The company said that in its Risk business, key growth metrics are in line with historical averages. It noted that in Specialised Industry Data Services, ‘growth varies by segment,’ but stressed that it continues to grow ‘strongly overall.’
In its Scientific, Technical & Medical and Legal arms, growth metrics remain above historical averages, driven by subscription renewals and new sales.
Further, the company said that in its Exhibitions business, the reopening of exhibition venues across geographies has supported ‘strong growth.’
Altogether, Relx said it expects full-year underlying growth rates in group revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to remain above historical trends.
Shares in Relx were up 0.7% at 2,420.67 pence each on Thursday morning in London.
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