RELX Group, the global professional information and analytics company, increased its adjusted operating profit by 6% to £2,284m in 2017. Revenue grew by 4% to £7,355m, driven by growth in electronic and face-to-face revenues (89% of the total), and the further development of its analytics and decision tools, partially offset by continued print revenue declines. Adjusted earnings per share increased by 7% in constant currencies. The company is proposing a full year dividend increase of 10% to 39.4p for RELX PLC and 6% to €0.448 for RELX NV. RELX has also proposed a set of measures that will further simplify its corporate structure into a single parent company. Chief executive officer Erik Engstrom said: "We achieved good underlying revenue growth in 2017, and continued to generate underlying operating profit growth ahead of revenue growth. Key business trends in the early part of 2018 are consistent with 2017. "Our strategy is unchanged: Our number one priority remains the organic development of increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to our customers. We believe that the systematic evolution of our business has driven an improvement in our business profile and the quality of our earnings, with more predictable revenues, a higher growth profile, and improving returns."
-4.50p (-0.30%)delayed 17:30PM