RELX’s exhibitions business up 64% in 2022

London, 16th February: Yesterday, the RELX Group, the parent company of RX Global (formerly Reed Exhibitions), released its financial results for the year ended 31st December 2022. Revenues in RELX’s exhibitions business posted underlying growth of 64%, amounting to £953 million (US$1.2 billion). Adjusted operating profit for the year was £162 million (US$196 million), compared with a profit of £10 million (US$13 million) in 2021.

Management attributed the growth in revenues of the exhibitions business to a significant increase in face-to-face activity as exhibition venues reopened across most geographies. The company stated that it aimed to manage its event schedule flexibly, responding to changes in local government policies throughout 2022. It also made significant progress on its digital initiatives, building a growing range of digital tools supporting its physical events.