RELX Plc (REL) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.295 Good morning, everybody. Thank you for taking the time to join us today. 00:00:05.597 -- 00:00:09.842 As you may have seen from our press release this morning, we delivered strong financial 00:00:09.842 -- 00:00:16.289 results in the first half and we made further operational and strategic progress. 00:00:16.289 -- 00:00:21.535 Underlying revenue growth was 7%. Underlying adjusted operating profit growth 00:00:21.535 -- 00:00:23.176 was 9%. 00:00:23.176 -- 00:00:27.892 Adjusted earnings per share growth was 10% at constant currency. 00:00:27.892 -- 00:00:34.418 and we have announced a 7% increase in the pound sterling interim dividend. 00:00:34.418 -- 00:00:40.903 Group underlying revenue growth of 7% was in line with full year 2024, 00:00:40.903 -- 00:00:45.045 but with a higher quality growth profile. 00:00:45.067 -- 00:00:48.210 Risk with continued strong growth. 00:00:48.210 -- 00:00:53.574 STM with continued good growth and developing momentum. 00:00:53.574 -- 00:00:58.800 Legal with a further step up in growth. and exhibitions now 00:00:58.800 -- 00:01:03.042 established at strong ongoing growth. 00:01:03.985 -- 00:01:09.511 On this chart, you can see the first half growth rate for each business area, 00:01:09.511 -- 00:01:15.278 as well as the relative sizes of the segments within each of them. 00:01:15.278 -- 00:01:21.224 You can also see that we're showing print and print-related revenues separately here. 00:01:21.224 -- 00:01:24.227 I'll come back to that later. 00:01:24.227 -- 00:01:30.631 In risk. Underlying revenue growth was 8%, in line with full year 2024, 00:01:30.631 -- 00:01:33.975 and underlying adjusted operating profit growth was 9%. 00:01:33.975 -- 00:01:35.975 Strong 00:01:36.558 -- 00:01:41.484 growth contin...