RELX’s H1 20 results are clearly not good, impacted by COVID-19 as expected. Both revenues and adjusted OP were below our estimates and the street’s as Exhibitions were significantly hurt. Positively, all other businesses continued to deliver and are continuing to hold up well. The flat interim dividend, contrary to market fears, was also a positive. Our earnings will be downgraded. High volatility expected going forward for the share price but we remain confident in the group&rsq
23 Jul 2020
High pandemic impact on Exhibitions but otherwise reassuring
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High pandemic impact on Exhibitions but otherwise reassuring
RELX PLC (REL:LON) | 3,274 -1047.5 (-1.0%) | Mkt Cap: 61,436m
- Published:
23 Jul 2020 -
Author:
Véronique Cabioc'h -
Pages:
4
RELX’s H1 20 results are clearly not good, impacted by COVID-19 as expected. Both revenues and adjusted OP were below our estimates and the street’s as Exhibitions were significantly hurt. Positively, all other businesses continued to deliver and are continuing to hold up well. The flat interim dividend, contrary to market fears, was also a positive. Our earnings will be downgraded. High volatility expected going forward for the share price but we remain confident in the group&rsq