RELX Plc (REL) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Thank you for taking the time to join us today. As you may have seen from our press release this morning, we delivered strong financial results in 2024 and we made further operational and strategic progress. Underlying revenue growth was 7%. Underlying adjusted operating profit growth was 10%. Adjusted earnings per share growth was 9% at constant currency. And we are proposing a 7% increase in the pound sterling full year dividend. All four business areas continued to perform well. And on this chart, you can also see the relative sizes of the segments within each business area. In risk, Underlying revenue growth was 8%, and underlying adjusted operating profit growth was 9%. Strong growth continues to be driven across segments by our deeply embedded AI-enabled analytics and decision tools, with over 90% of divisional revenue coming from machine-to-machine interactions. Business services continued to be driven by financial crime compliance and digital fraud and identity solutions with strong new sales. Insurance was driven by further extension of solution sets across markets, continued positive market factors, and new sales. Specialized industry data services was led by commodity intelligence. and government continue to be driven by analytics and decision tools. Going forward, we expect continued strong underlying revenue growth with underlying adjusted operating profit growth slightly exceeding underlying revenue growth. In STM, underlying revenue growth was 4% and underlying adjusted operating profit growth was 5%. Growth continued to be driven by the development of analytics and further evolution of the business mix, with higher growth segments representing an increasing proportion of divisional revenue and remaining print shrinking at a fa...