Reed Elsevier revenue grows by 4%

Underlying revenue at Reed Elsevier increased 4% over the first nine months of the year, although print book sales declined.
 
The information company released an interim management statement yesterday (24th October) saying that although revenues in the scientific, technical and medial division grew 2%, sales of print books were down.
 
It added: “Although print book revenues showed positive year-on-year growth in the month of September, their sales trajectory in the final quarter remains uncertain.”
 
The information company’s exhibitions division, which operates the London Book Fair, experienced the largest revenue increase of 8%. The US and Japan were the strongest regions in terms of growth, while the European market was “modest”. China had strong growth in some sectors but was more modest elsewhere.
 
For the full year the growth trends in the exhibitions division will continue and “the positive impact of cycling is expected to contribute around two percentage points of full-year underlyingrevenue growth.”
 
Reed Elsevier’s other divisions also experienced revenue growth, albeit more modest. Revenues were up 7% in risk and business information, and 1% in legal.
 
Looking forward to the end of the financial year, company said it is “on track” to deliver another year of underlying, profit and earnings growth.