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Annual Results

Relx improves FY operating profit

23 February 2017 07:28

Relx has improved its reported FY operating profit to £1.7bn, from £1.5bn a year earlier, and proposed FY dividend growth. It also delivered an upbeat outlook commentary.

The global professional information and analytics company proposed a FY dividend up 21% to 35.95p for Relx Plc, and up 5% to €0.423 for Relx NV.

Underlying revenue growth for the period was 4%.

"We achieved good underlying revenue growth in 2016, and continued to generate underlying operating profit growth ahead of revenue growth, with underlying revenue and adjusted operating profit growth across all four business areas," said CEO Erik Engstrom.

"Our number one priority remains the organic development of increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to our customers."

Engstrom added that key business trends in the early part of 2017 were consistent with the early part of 2016.

"We are confident that, by continuing to execute on our strategy, we will deliver another year of underlying revenue, profit, and earnings growth in 2017."

Story provided by StockMarketWire.com

Related Company: REL

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