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RELX sees improvement in exhibitions segment, modest revenue growth estimated for other business are

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RELX PLC (LON:REL) said the full-year outlook for its segments remains unchanged while exhibitions is experiencing improved trading across its markets.

The provider of information-based analytics and decision tools expects exhibitions to generate £330-360mln in revenue in 2020, having slumped 70% in the year to date.

READ: Informa knocked to neutral, Pearson and Relx preferred as Goldman highlights education as attractive end market

Total costs are expected to be £530-540mln excluding one-off costs related to restructuring and cancellations which are yet to be quantified.

The other business areas – scientific, technical & medical (STM), risk & business analytics, legal – have continued to see a gradual improvement in underlying revenue growth rates since the end of the first half.

They accounted for 84% of revenue and 87% of adjusted operating profit in 2019.

The FTSE 100 expects modest underlying revenue growth for STM and legal, while performance in risk & business analytics will depend on how business activity continues to improve over the next months.

Shares dipped 1% to 1,639p early on Thursday.

FTSE 100 to start Thursday on back foot as pandemic politics hog attentions

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