7th Nov 2013 07:15
LONDON (Alliance News) - Anglo-Dutch publishing and events company Reed Elsevier PLC, in its interim management statement, said that underlying revenue for the first-nine month of 2013 grew by 3%, while it was also up 3% excluding biennial exhibition cycling.
The company stated that its financial position remains strong with good cash generation. It has completed 550 million pounds of share buy backs so far this year, and intends to complete the remainder of the previously announced 600 million pounds total by the end of the year.
The company said outlook remains unchanged, with underlying revenue, operating profit, and earnings growth on track for the full year.
In Scientific, Technical & Medical unit, Underlying revenue was up 2%.
Risk Solutions and Business Information reporetd a combined +6% underlying revenue growth.
Copyright RTT News/dpa-AFX
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