RELX’s exhibitions record profit in 2021

London, 10th February: Last week, RELX Group plc, parent company of RX Global (formerly Reed Exhibitions), released its financial results for the year ended 31st December 2021. Revenues in RELX’s exhibitions business posted underlying growth of 44%, amounting to £534 million (US$721 million). Adjusted operating profit for the year was £10 million (US$13 million), compared with a loss of £164 million (US$224 million) in the previous year.

Management attributed the growth in revenues of the exhibitions business to a gradual reopening of exhibition venues across geographies. In 2021, the company held a total of 269 face-to-face events. In addition, the company announced it had made good progress on digital initiatives, with digital tools supporting their physical events.