logo
Share SHARE
FONT-SIZE Plus   Neg

Reed Elsevier Confirms 2012 Outlook - Quick Facts

Reed Elsevier Plc (ENL, RUK, REL.L) said underlying growth rates in the first quarter were consistent with the 2011 full year trends.

The company noted that portfolio development continued during the period, with acquisitions of complementary online subscription services and exhibitions in emerging markets, and divestment of a number of advertising-based businesses and certain print products.

At Elsevier, by the end of Q1 completion of subscription renewals was well progressed in both Science & Technology and Health Sciences. The global customer budgetary environment is broadly similar to last year, with variations by both geography and customer. Research article submissions, articles published and usage have continued to show good growth, and sales of databases and tools are growing well.

The company further reaffirmed outlook for the full year. 2012 is on track to be another year of underlying revenue and profit growth as Reed Elsevier further strengthens the business through organic investment and portfolio adjustment.

At Elsevier, the company expects another year of modest underlying revenue growth, underpinned by research volume growth and growing demand for electronic products and tools.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French oil and gas giant Total SA (TTA.L, TTFNF.PK, TOT) reported Wednesday a profit for the second quarter that declined four percent from last year, reflecting a sales decline amid sharply lower oil prices. However, hydrocarbon production grew 12 percent from last year. The company's results were... Procter & Gamble Co., (PG) Tuesday announced the promotion of David Taylor to the role of Chief Executive Officer, as the consumer goods giant replaces Chief Executive A.G. Lafley for the second time. David Taylor, a 35-year-veteran and currently Group President of Global Beauty, Grooming and Health... Anadarko Petroleum reported a plunge in second-quarter profit, hurt by weak oil prices, partly offset by some derivative gains. However, its earnings topped Street estimates, driven by operational efficiencies and sales of higher-margin oil. Anadarko shares...
comments powered by Disqus
RELATED NEWS
Trade ENL now with 
Follow RTT