RELX's Nine-Month Events Revenue Fell 70%
22 Outubro 2020 - 3:50AM
Dow Jones News
By Adria Calatayud
RELX PLC said Thursday that revenue from its exhibitions
business fell 70% for the first nine months of the year, but that
its three largest business areas continued to gradually improve
during the third quarter.
The FTSE 100 information and analytics group said it now expects
exhibitions revenue for the full year to be between 330 million and
360 million pounds ($433.9 million-$473.3 million), and costs for
the unit to be between GBP530 million and GBP540 million excluding
one-off costs related to restructuring and cancellations.
The company behind the Lancet medical journal and the London
Book Fair said the outlook for its three largest
businesses--scientific, technical and medical, risk and
business-analytics, and legal--remains unchanged.
For the first nine months of the year, underlying revenue rose
2% at RELX's scientific, technical and medical business, 3% at its
risk and business-analytics unit and 1% at its legal division.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 22, 2020 02:35 ET (06:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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