Company Overview

RELX PLC is a global provider of information-based analytics and decision tools for professional and business customers. The company was incorporated in 1903 and is headquartered in London, the United Kingdom. Formerly known as Reed Elsevier PLC, it changed its name to RELX PLC in July 2015. RELX, together with its subsidiaries, serves customers in more than 180 countries and territories, with offices in about 40 countries and employing over 36,000 people, more than 40% of whom are in North America. The company generates revenue primarily through creating and selling access to curated information databases, analytics, and professional journals. Around 60% of revenue is generated in North America and about 20% in Europe.

Business Segments

RELX operates through four distinct segments: Risk, Scientific, Technical & Medical (STM), Legal, and Exhibitions.

Risk Segment

The Risk segment offers information-based analytics and decision tools. It combines public and industry-specific content with technology and algorithms to assist clients in evaluating and predicting risk, enhancing operational efficiency, and making informed decisions.

Scientific, Technical & Medical (STM) Segment

The Scientific, Technical & Medical segment provides crucial scientific and medical information and data sets. This segment empowers researchers and healthcare professionals to advance science and improve health outcomes, helping institutions and professionals advance healthcare, open science, and boost performance for the benefit of humanity.

Legal Segment

The Legal segment delivers comprehensive legal, regulatory, and business information and analytics. This vital resource assists customers in improving decision-making, increasing productivity, and advancing the rule of law globally.

Exhibitions Segment

The Exhibitions segment functions as an event business, leveraging data and digital tools to enhance face-to-face interactions. RELX organizes large-scale digital and physical events, such as industry trade shows, fostering connections and knowledge exchange within various sectors.

Recent Financial Performance

RELX delivered strong financial results for 2024, showcasing robust growth across key metrics.

Key Financial Metrics (2024):

• Revenue: Increased by 7% to £9,434 million.

• Adjusted Operating Profit: Rose by 10% to £3,199 million.

• Underlying Revenue Growth: Achieved 7%.

• Underlying Adjusted Operating Profit Growth: Achieved 10%.

• Adjusted Earnings Per Share (EPS) Growth: Grew by 9% at constant currency.

• Full Year Dividend: Proposing a 7% increase in the pound sterling dividend.

Capital Allocation:

• Share Buybacks: Deployed £1,000 million in 2024.

• Planned Share Buybacks (2025): Intends to deploy a total of £1,500 million, with £150 million already completed.

• Acquisitions & Disposals (2024): Completed five small acquisitions for £195 million and seven small disposals for £95 million.

Balance Sheet:

• Net Debt (as of 31 December 2024): £6,563 million.

• EBITDA: £3,724 million.

• Adjusted Cash Flow Conversion: 97%.

Strategic Focus and Outlook

RELX's strategic focus on higher-growth analytics and decision tools has been a primary driver of its success, with continued investment planned for these areas. This strategic shift has significantly enhanced RELX's organic growth profile.

Looking ahead, RELX anticipates sustained positive momentum and strong growth in revenue and profit throughout 2025, reinforcing its robust market position. The company expects another year of strong underlying growth in revenue and adjusted operating profit, alongside robust growth in adjusted earnings per share on a constant currency basis.

RELX continues to prioritize organic development, maintaining capital expenditure (CapEx) consistently around 5% of revenues. This is complemented by selective acquisitions designed to further enhance its analytics and decision tools portfolio. RELX has solidified its position as a leading provider in the competitive information services market, effectively leveraging advanced technologies, including artificial intelligence, to deliver enhanced value to its professional customer base across diverse industries and geographies.