INTERIM RESULTS FOR THE SIX MONTHS TO 30 JUNE 2022
RELX, the global provider of information-based analytics and decision tools, reports results for the first half of 2022 and reaffirms the full year outlook.
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First half highlights
- Revenue £3,969m (£3,394m), constant currency growth +13%
- Adjusted operating profit £1,239m (£1,023m), constant currency growth +16%
- Adjusted profit before tax £1,163m (£953m), constant currency growth +17%
- Adjusted EPS 47.2p (40.0p), constant currency growth +14%
- Reported operating profit £1,081m (£860m)
- Reported profit before tax £998m (£825m)
- Reported EPS 39.5p (34.5p)
- Interim dividend 15.7p (14.3p) +10%
- Net debt/EBITDA 2.3x; adjusted cash flow conversion 103%
- Completed six acquisitions for a total consideration of £342m
- Completed £300m of the previously announced £500m share buyback
Full year outlook
- As we enter the second half, momentum remains strong across the group, and we continue to expect full year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to remain above historical trends.
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Chief Executive Officer, Erik Engstrom, commented:
“RELX continued to deliver strong revenue and profit growth throughout the first half of 2022. We believe that this is a reflection of our ongoing 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, continue to perform well.”
“In recognition of the strong financial performance we have announced a +10% increase in the interim dividend to 15.7p.”