RELX reported a mixed first half, with reported profit before tax slightly down at £1.28 billion, yet adjusted profit before tax rose to £1.51 billion from £1.45 billion. Revenue increased 7% on an underlying basis to £4.74 billion, with electronic revenue also growing 7%. The company declared an interim dividend of 19.5 pence, a 7% increase, and maintains a positive outlook, anticipating another year of strong underlying growth in revenue, adjusted operating profit, and adjusted earnings per share on a constant currency basis.
RELX has reported a solid first half, characterized by robust underlying growth and a confident forward outlook. The company achieved a 7% increase in underlying revenue to £4.74 billion, with its critical electronic revenue segment matching this growth rate. While reported profit before tax saw a marginal decline to £1.28 billion from £1.29 billion year-over-year, the adjusted metrics, which strip out non-operational items, paint a stronger picture of core performance. Adjusted profit before tax grew to £1.51 billion, and adjusted EPS rose to 63.5 pence from 59.5 pence. Management's confidence is further underscored by a 7% increase in the interim dividend to 19.5 pence. The outlook remains explicitly positive, with the company forecasting another year of strong underlying growth in revenue, adjusted operating profit, and adjusted EPS on a constant currency basis, suggesting continued operational momentum.
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strongly positive
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