Relx plc (REL)

Sector:

Media

Index:

FTSE 100

2,246.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 2,274.00
  • 52 Week Low: 1,527.50
  • Currency: UK Pounds
  • Shares Issued: 1,934.48m
  • Volume: 2,194,087
  • Market Cap: £43,448m
  • RiskGrade: 128
  • Beta: 0.02

Relx revenue, earnings rise comfortably in first half

By Josh White

Date: Thursday 29 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Information and analytics company Relx reported first-half revenue of £3.39bn on Thursday, down from £3.5bn year-on-year, although constant currency growth came in at 4%.
The FTSE 100 firm said its adjusted operating profit rose to £1.02bn from £990m year-on-year for the six months ended 30 June, with constant currency growth of 11%, while adjusted profit before tax improved to £953m from £909m, with constant currency growth there being 13%.

Reported operating profit grew to £860m from £747m, and reported profit before tax jumped to £825m from £666m.

Adjusted earnings per share made modest gains to 40p for the period, compared to 39.1p a year ago, with constant currency growth of 10%.

The board declared an interim dividend of 14.3p, up 5% year-on-year, as reported earnings per share were lifted to 34.5p from 28.4p.

Its net debt-to-EBITDA ratio stood at 2.8x at period-end, with adjusted cash flow conversion coming in at 112% for the first half.

Looking ahead, Relx said that based on the improved performance in risk, STM and legal in the first half, it was expecting full-year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to be "slightly above" historical trends.

"Relx delivered a strong first half with underlying growth trends across almost all market segments returning to the improving trajectory that we saw in the early part of 2020," said chief executive officer Erik Engstrom.

"We believe that this improvement is a reflection of our continuing strategy of focusing on the organic development of increasingly sophisticated analytics and decision tools that deliver enhanced value to our customers across market segments.

"Recent acquisitions, which have supplemented our organic growth strategy, have continued to perform well."

At 0832 BST, shares in Relx were up 2.75% at 2,090p.

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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 2,246.00p
Change Today -4.00p
% Change -0.18 %
52 Week High 2,274.00
52 Week Low 1,527.50
Volume 2,194,087
Shares Issued 1,934.48m
Market Cap £43,448m
Beta 0.02
RiskGrade 128

Reed Elsevier Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.47% below the market average79.47% below the market average79.47% below the market average79.47% below the market average79.47% below the market average
42.31% below the sector average42.31% below the sector average42.31% below the sector average42.31% below the sector average42.31% below the sector average
Price Trend
58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average
22.81% above the sector average22.81% above the sector average22.81% above the sector average22.81% above the sector average22.81% above the sector average
Income
22.22% below the market average22.22% below the market average22.22% below the market average22.22% below the market average22.22% below the market average
23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average
Growth
17.23% below the market average17.23% below the market average17.23% below the market average17.23% below the market average17.23% below the market average
7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 6
Sell 1
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reed Elsevier Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 29-Apr-21
Paid 08-Sep-21 03-Jun-21
Amount 14.30p 33.40p

Trades for 22-Oct-2021

Time Volume / Share Price
16:38 323 @ 2,246.00p
16:38 500 @ 2,246.00p
16:38 10,000 @ 2,246.00p
16:37 3,971 @ 2,246.00p
16:36 6,029 @ 2,246.00p

Reed Elsevier Key Personnel

CEO Erik Engstrom
CFO N L Luff
Chair Paul Walker

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