Relx has posted soaring profits and revenues.
Net profits jumped 17% to £1.69bn and revenues were up by 7% to £7.24bn. As a result, the board is suggesting a dividend payout of 49.8p per share.
Chief executive Erik Engstrom commented: “RELX delivered strong underlying revenue and profit growth in 2021,”
“We believe that this improved trajectory 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, have continued to perform well.”
A spokesperson at the group said: “Based on the improved performance in 2021 across the company, we expect 2022 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.”