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RELX(RELX) - 2024 Q4 - Annual Report
2025-02-20 15:31
Financial Performance - Revenue for 2024 increased to £9,434 million, representing a 3% growth compared to £9,161 million in 2023, with underlying growth at 7%[10] - Adjusted operating profit rose to £3,199 million, a 6% increase from £3,030 million in 2023, with underlying growth at 10%[10] - Adjusted earnings per share grew to 120.1p, reflecting a 9% increase in constant currency, while reported earnings per share were 103.6p, up from 94.1p[15] - The operating margin improved to 33.9%, up from 33.1% in the previous year[10] - Cash generated from operations increased to £3,521 million, compared to £3,370 million in 2023[10] - The proposed full-year dividend per share is 63.0p, a 7% increase from 58.8p in 2023[10] - Net debt rose slightly to £6,563 million from £6,446 million[13] - Total Shareholder Returns over the decade reached 328%, significantly outperforming the FTSE100's 83%[15] - Adjusted earnings per share increased by 10% in 2024, while the dividend per share also rose by 10%[43] - Net debt was £6.6bn at 31 December 2024, with a net debt/EBITDA ratio of 1.8x, down from 2.0x in 2023[17] Revenue Breakdown - In 2024, RELX reported revenues of £3,245 million, an increase from £3,133 million in 2023, representing a growth of 3.6% year-over-year[69] - 79% of RELX's revenue in 2024 came from North America, with 14% from Europe and 7% from the rest of the world[69] - Subscription revenue accounted for 39% of total revenue, while transactional revenues made up 61%[69] - Underlying revenue growth for 2024 was 7%, with electronic revenue also showing growth[28] - Subscription revenue accounted for 74% of total revenue, while transactional revenues represented 26% in 2024[116] Environmental and Social Responsibility - Scope 1 and Scope 2 emissions decreased by 20% to 32,692 tCO2e from 40,933 tCO2e[11] - The percentage of women in senior leadership roles increased to 32% from 31%[11] - The company achieved a AAA MSCI rating for the ninth consecutive year and was ranked second in its sector by Sustainalytics[23] Strategic Initiatives and Investments - The company deployed £1bn on share buybacks in 2024 and plans to deploy a total of £1.5bn in 2025, with £150m already completed[18] - The company aims to enhance value through sophisticated information-based analytics and decision tools, focusing on organic growth and selective acquisitions[32][33] - The company focuses on expanding risk management solutions and investing in technology to enhance organic innovation[89] - AI and ML techniques are being developed to generate actionable insights for customers and improve internal efficiencies[90][91] Product and Service Development - The company launched the Accurint AI Insights tool for law enforcement, designed to automate crime trend identification and enhance decision-making[81] - The company introduced three new modules within the Firco Continuity platform to improve financial crime compliance and reduce false positive alerts[82] - The LexisNexis Digital Identity Network analyzed over 345 million transactions daily, detecting approximately 690 million human-initiated fraud attacks in 2024[76] - The company launched Scopus AI, a generative AI-enhanced research tool, in early 2024 to improve research insights and interdisciplinary collaboration[120] - ClinicalKey AI, launched in February 2024, is designed to support clinical decisions using generative AI, enhancing the quality of patient care[149] Market Position and Growth Outlook - The company expects continued strong underlying revenue growth in 2025, with adjusted operating profit growth slightly exceeding revenue growth[98] - The 2025 outlook anticipates strong underlying revenue growth and adjusted operating profit growth[30] - The legal analytics market is expected to grow due to increasing demand for online information solutions and decision support tools[195] Acquisitions and Partnerships - In Q4 2024, RELX signed an agreement to acquire IDVerse, a provider of AI-powered automated document authentication solutions, expected to close in early 2025[74] - The partnership with LexisNexis Risk Solutions allowed the company to leverage existing intelligence for better scam risk assessment[110] - The acquisition of Henchman enhanced document drafting capabilities, allowing legal customers to extract key insights from internal data[180] Workforce and Global Reach - The company has a workforce of 9,700 employees and serves customers in over 170 countries and territories[115] - The company reported a 20% revenue contribution from government and academic customers, with a focus on multi-year subscription contracts[189][200]
RELX(RELX) - 2024 Q4 - Annual Report
2025-02-20 11:01
Table of Contents As filed with the Securities and Exchange Commission on February 20, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or ☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...
LexisNexis Risk Solutions Completes IDVerse Acquisition
Prnewswire· 2025-02-19 11:00
Acquisition expands LexisNexis Risk Solutions' capabilities in risk and fraud solutions and enhances digital identity onboarding and identity verification through AI-powered technology ATLANTA and LONDON, Feb. 19, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions, part of RELX, closed its acquisition of IDVerse™, a provider of AI-powered document authentication and fraud detection solutions. IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available wit ...
LexisNexis® U.S. Insurance Demand Meter Reports Continued Hot Streak with "Nuclear" U.S. Consumer Shopping and "Sizzling" New Policy Growth
Prnewswire· 2025-02-18 18:47
ATLANTA, Feb. 18, 2025 /PRNewswire/ -- For the third consecutive quarter, U.S. auto insurance shopping remains "Nuclear," according to the LexisNexis® Risk Solutions U.S. Insurance Demand Meter, while new policy growth registered at a "Sizzling" level. Insurers saw 18% more consumers shopping in 2024 compared to 2023 levels. A combination of consumers seeing their rates increasing in conjunction with carrier-led marketing campaigns promoting lower premiums helped entice policyholders into the market. Compar ...
RELX(RELX) - 2024 Q4 - Earnings Call Transcript
2025-02-13 20:33
RELX PLC (NYSE:RELX) Q4 2024 Results Conference Call February 13, 2025 3:30 AM ET Company Participants Erik Engstrom - Chief Executive Officer Nick Luff - Chief Financial Officer Conference Call Participants George Webb - Morgan Stanley Adam Berlin - UBS Nick Dempsey - Barclays Sami Kassab - BNP Paribas Henry Hayden - Redburn Atlantic Steve Liechti - Deutsche Numis Erik Engstrom Good morning, everybody. Thank you for taking the time to join us today. As you may have seen from our press release this morning, ...
LexisNexis Risk Solutions Launches Research-Ready Healthcare Data Blends to Expedite Research
Prnewswire· 2025-01-29 14:30
Blended, patient-level datasets leveraging proprietary tokenization technology simplify data enrichment while adhering to privacy standardsATLANTA, Jan. 29, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions, a leading provider of healthcare analytics and insights, today announced the launch of new research-ready, real-world datasets designed to accelerate research timelines, reduce costs and enable more equitable analyses. Using referential-based tokenization, the patient-level datasets are blended, expert de ...
U.S. Automotive Brand Loyalty Increases in 2024, according to LexisNexis Risk Solutions
Prnewswire· 2025-01-13 15:00
U.S. automotive brand loyalty rate rose 1.8% in 2024 to 52.6% vs. the pre-pandemic benchmark (54.2%) observed in 2019. Post this Key Takeaways The automotive brand loyalty rate rose 1.8% in 2024 to 52.6%, approaching the pre-pandemic benchmark (54.2%) observed in 2019. Out of the 47 brands analyzed, 11 surpassed the industry average in brand loyalty, improving over 2023 findings where only nine brands achieved the same result. As consumers transition to EV and hybrid powertrains to satisfy their transpo ...
RELX: Watch STM Turnaround And GenAI Legal Products (Rating Upgrade)
Seeking Alpha· 2025-01-07 22:54
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LexisNexis® U.S. Insurance Demand Meter Reaches "Nuclear" as U.S. Consumer Auto Insurance Shopping, New Policy Growth Rates Continue to Surge
Prnewswire· 2024-11-20 15:00
ATLANTA, Nov. 20, 2024 /PRNewswire/ -- For the second consecutive quarter, the LexisNexis® U.S. Insurance Demand Meter recorded "Nuclear" levels of auto insurance shopping and new policy volumes, while the latter set a new record for growth since LexisNexis® Risk Solutions first began tracking U.S. insurance consumer shopping behavior more than a decade ago. Insurer-led marketing programs fueled activity among price-sensitive consumers who responded in droves to industry rate-taking. At the end of the quart ...
Permit Wizard from LexisNexis VitalChek Network Proudly Supports the 2024 U.S. Capitol Christmas Tree
Prnewswire· 2024-11-01 14:13
"People's Tree" will spread holiday joy on an epic journey from Alaska to Washington, D.C.FRANKLIN, Tenn. and ATLANTA, Nov. 1, 2024 /PRNewswire/ -- Each year, a different national forest provides a tree to light up the West Lawn of the U.S. Capitol building for the holiday season. This year Permit Wizard, a service of LexisNexis® VitalChek Network, is proud to be one of the sponsors helping the "People's Tree" make its journey. Alaska's National Forests, in partnership with the Society of American Foresters ...