RELX Plc (REL) Q4 2023 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.515 Good morning, everybody. Thank you for taking the time to join us today. 00:00:05.617 -- 00:00:10.802 As you may have seen from our press release this morning, we delivered strong financial 00:00:10.802 -- 00:00:13.465 results in 2023, 00:00:13.465 -- 00:00:18.448 and we made further operational and strategic progress. 00:00:19.791 -- 00:00:22.994 Underlying revenue growth was 8%. 00:00:22.994 -- 00:00:27.605 Underlying adjusted operating profit growth was 13%. 00:00:27.605 -- 00:00:32.792 Adjusted earnings per share growth was 11% at constant currency. 00:00:32.792 -- 00:00:37.798 And we are proposing an 8% increase in the pound sterling full year 00:00:37.798 -- 00:00:39.798 dividend. 00:00:40.301 -- 00:00:43.645 All four business areas performed well in 2023. 00:00:43.645 -- 00:00:45.167 And 00:00:45.167 -- 00:00:50.494 on this chart, you can also see the relative sizes of the business segments within each 00:00:50.494 -- 00:00:52.935 business area. 00:00:54.459 -- 00:00:59.488 In risk, strong fundamentals continue to drive underlying revenue growth 00:00:59.488 -- 00:01:00.970 of 8% 00:01:00.970 -- 00:01:04.435 with underlying adjusted operating profit growth of 9%. 00:01:04.435 -- 00:01:06.317 In 00:01:06.317 -- 00:01:12.025 business services, which represents around 45% divisional revenue, 00:01:12.025 -- 00:01:17.211 growth continue to be driven by financial crime compliance and digital fraud and identity 00:01:17.211 -- 00:01:18.613 solutions. 00:01:18.613 -- 00:01:23.557 And we saw a strengthening in new sales in the second half. 00:01:24.621 -- 00:01:30.608 In insurance, which represents just under 40% of divisional revenue. 00:01:30.608 -- 00:01:35.675 Strong growth was driven by further expansion of solution sets across...