November 24, 2014

Reed Elsevier Reports 2011 Results

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From The Bookseller:

The academic publisher saw its underlying sales grow by 2% to £2,058m for the year to 31st December 2011, from £2,026m in 2010, while its underlying operating profit increased by 4% to £768m from £724m, due to “increased efficiency” at the company.

The science and technology field performance particularly stood out, with the category increasing revenue by 4% due to “good growth in global research activity” while the health sciences genre remained flat by comparison. The publisher’s parent company Reed Elsevier said: “Good growth in medical research and electronic solutions were offset by print declines” and added that 2012 would continue to see “modest underlying revenue growth”.

Reed Elsevier as a whole saw total revenue decline by 1% to £6,002m in 2011 but its pre-tax profit rose from £768m to £948m, whilst net debt was cut from £3.5bn to £3.4bn year-on-year

From the FT: “Reed rules out large scale disposals”

Erik Engstrom [CEO] on Thursday said Reed, whose portfolio includes the LexisNexis database and journals such as New Scientist, would stick to its current strategy and only consider selling off smaller, non-core parts of the company.

“We have no plans to divest any of our five major operating business areas. We have no plans to divest our main events business,” Mr Engstrom said.

Official News Release and Financials

Overall, Reed Elsevier says that revenue from print products continues to decrease. No down to 22% of revenues.

share save 171 16 Reed Elsevier Reports 2011 Results
Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.