RELX’s exhibitions business up 31% in profit in 2024

London, 13th February: The RELX Group, the parent company of RX Global (formerly Reed Exhibitions), has released its financial results for the year ended 31st December 2024. Revenue in RELX’s exhibitions business recorded underlying growth of 11%, amounting at £1.2 billion (US$1.6 billion). Adjusted operating profit for the year was £398 million (US$499 million), which increased 31% over the previous year.

The company attributed the growth in its exhibitions business to the improved growth profile of its event portfolio and a favourable first half comparison to the prior year. The business also made good progress on value-enhancing digital initiatives, with increased usage of digital tools for the customers of its face-to-face events.

The company expects the exhibitions business in 2025 to be with a strong underlying revenue growth and an improvement in adjusted operating margin over the year of 2024.

RELX’s group revenue in 2024 was £9.4 billion (US$12 billion), representing an underlying growth of 7%. Adjusted operating profit for the year grew 10%, reaching £3.2 billion (US$4.01 billion).

Chief Executive Officer, Erik Engstrom, was quoted, “RELX delivered strong revenue and profit growth in 2024. Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers across market segments. We develop and deploy these tools across the company by leveraging deep customer understanding to combine leading content and data sets with powerful artificial intelligence and other technologies. This has been a key driver of the evolution of our business for well over a decade, and will remain a key driver of customer value and growth in our business for many years to come.”