RELX Group, the global professional information and analytics company, reports continued underlying revenue growth in the first nine months of 2017 and reaffirms the outlook for the full year.
Underlying revenue growth +4% in the first nine months of 2017
Acquired 6 assets for a total consideration of £118m year to date, and disposed of assets for £78m
Completed £650m of the previously announced £700m share buyback, with the remainder to be deployed by year end
The full year outlook is unchanged: We are confident that we will deliver another year of underlying revenue, profit, and earnings growth in 2017

Scientific, Technical & Medical
Underlying revenue growth +2%.
Our customer environment remains largely unchanged. Key business trends remained positive in primary research and in electronic databases and tools. Print book declines moderated relative to a weak prior year comparative, and print pharma promotion declined in line with historical trends.
Full year outlook: We continue to expect modest underlying revenue growth.

Risk & Business Analytics
Underlying revenue growth +8%.
Strong revenue growth across all key segments continued in line with the first half of the year. The market environment for US insurance remained unchanged from the first half, and business services and other segments continued to see a positive environment.
Full year outlook: We expect underlying revenue growth trends to continue.

Legal
Underlying revenue growth +2%.
Market conditions in the US and Europe remain stable. Other international markets continued to grow well. The roll out of new platform releases continued, with usage migration progressing well.
Full year outlook: Trends in our major customer markets are unchanged, continuing to limit the scope for underlying revenue growth.

Exhibitions
Underlying revenue growth +5%.
Overall growth remained good in Europe and strong in Japan and China. The US continued to see differentiated growth rates by industry sector.
Full year outlook: We expect underlying revenue growth trends to continue to be in line with the prior year, with cycling-out effects decreasing the reported revenue growth rate by around five percentage points.

Underlying figures are additional performance measures used by management, and are calculated at constant currencies, excluding the results of all acquisitions and disposals made in both the year and prior year, assets held for sale, exhibition cycling, and timing effects.