RELX Backs 2019 Outlook

   By Adria Calatayud 
 

RELX PLC (REL.LN) said Thursday that its outlook for 2019 remains unchanged as key business trends in the year to date remain broadly consistent with 2018.

The London-based information and analytics company said it remains confident of delivering another year of underlying growth in revenue and in adjusted operating profit, together with growth in adjusted earnings per share on a constant currency-basis.

RELX is forecast to make an adjusted operating profit of 2.36 billion pounds ($3.05 billion), according to a consensus based on estimates by six analysts polled by FactSet. Revenue is expected to come in at GBP7.83 billion this year, according to a FactSet provided consensus based on 18 analysts' estimates.

The company said it has completed five acquisitions for a total consideration of GBP236 million in the year to date as it continues to reshape its portfolio.

RELX has bought back shares worth GBP250 million so far this year of the previously announced GBP600 million share repurchase program.

Write to Adria Calatayud at [e-mail]

(END) Dow Jones Newswires

April 25, 2019 02:22 ET (06:22 GMT)

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