- Underlying revenue growth of +8%
- Underlying adjusted operating profit growth of +13%
- Adjusted EPS 114.0p (2022: 102.2p), constant currency growth +11%
- Reported operating profit £2,682m (2022: £2,323m)
- Reported EPS 94.1p (2022: 85.2p)
- Proposed full year dividend 58.8p (2022: 54.6p) +8%
- Net debt/EBITDA 2.0x; adjusted cash flow conversion 98%
- Completed six acquisitions for a total consideration of £130m
- Completed £800m share buyback
- Scope 1 + Scope 2 emissions (tCO2e) 40,933 (2022: 42,481)
- SDG Resource Centre unique users 220,815 (2022: 155,082)
- Underlying revenue growth of +8%
- Underlying adjusted operating profit growth of +13%
- Adjusted EPS 114.0p (2022: 102.2p), constant currency growth +11%
- Reported operating profit £2,682m (2022: £2,323m)
- Reported EPS 94.1p (2022: 85.2p)
- Proposed full year dividend 58.8p (2022: 54.6p) +8%
- Net debt/EBITDA 2.0x; adjusted cash flow conversion 98%
- Completed six acquisitions for a total consideration of £130m
- Completed £800m share buyback
- Scope 1 + Scope 2 emissions (tCO2e) 40,933 (2022: 42,481)
- SDG Resource Centre unique users 220,815 (2022: 155,082)
RELX delivered strong revenue and profit growth in 2023, driven by the ongoing shift in business mix towards higher growth information-based analytics and decision tools that deliver enhanced value to our customers across market segments.
We have been able to develop and deploy these tools across the company for well over a decade by leveraging deep customer understanding to combine leading content and data sets with powerful technologies. We are confident that our ability to leverage artificial intelligence and other technologies, as they evolve, will continue to be an important driver of customer value and growth in our business for many years to come.
Our Market segments
Risk provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency
Scientific, Technical & Medical helps researchers and healthcare professionals advance science and improve health outcomes by combining quality information and data sets with analytical tools to facilitate insights and critical decision-making
Legal provides legal, regulatory and business information and analytics that help customers increase their productivity, improve decision-making and achieve better outcomes
Exhibitions combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions
Risk provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency
Scientific, Technical & Medical helps researchers and healthcare professionals advance science and improve health outcomes by combining quality information and data sets with analytical tools to facilitate insights and critical decision-making
Legal provides legal, regulatory and business information and analytics that help customers increase their productivity, improve decision-making and achieve better outcomes
Exhibitions combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions
Underlying revenue growth was 8%, with all four market segments contributing to underlying growth. The underlying growth rate reflects strong growth in electronic and face-to-face revenues, partially offset by continued print revenue declines. Risk continued to deliver strong growth, STM maintained its improved growth, and Legal growth continued to improve. Exhibitions saw strong growth in revenue due to higher activity levels.
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