20.03.2013 - Reed Elsevier: Revenue growth

Reed Elsevier, the global professional information company, reports growth in revenue, operating profit and earnings in the twelve months to December 31, 2012. Commenting on the results, Chairman Anthony Habgood said: “Reed Elsevier executed well on its strategic and financial priorities in 2012. We are recommending a 7% increase in the full year dividends for both Reed Elsevier PLC and Reed Elsevier NV, reflecting our confidence in the long term outlook for Reed Elsevier.” Chief Executive Officer Erik Engstrom commented: “By the end of 2012 approximately 80% of our revenues were in our targeted formats of electronic and face-to-face, which generated average underlying revenue growth rates of 5 to 7%. Reed Elsevier posted revenue of £ 6,116 m, with underlying growth up 4% (up 3% excluding biennial exhibition cycling). All five business areas contributed to underlying growth, with particular strength in online data services in Risk Solutions and Business Information, in electronic revenue streams across all markets, and in Exhibitions. Adjusted operating profit came in at £1,713m, with the reported operating profit, after amortisation of acquired intangible assets, increasing by 13% to £1,358m. In 2013 Reed will remain focused on the systematic transformation of its business and on improving the quality of its earnings. (ank)

Quelle: Mar 13, 2013 [m+a UFI Newsletter]