7th Nov 2013 07:56
LONDON (Alliance News) - Reed Elsevier PLC Thursday reiterated its full-year outlook for 2013 as it saw underlying revenue growth of 3% in the first nine months of the year.
The publishing and information services company said that its underlying revenue, operating profit and earnings growth remained on track for the full year.
Reed Elsevier said it saw 6% underlying revenue growth in its Risk Solutions and Business Information division, with strong growth in Risk Solutions boosted by demand for fraud detection services in government markets. The company's Exhibitions division saw revenue growth of 5%, with modest growth in Europe offset by stronger performance in the US, Japan, Brazil and China.
In the company's Scientific, Technical & Medical division underlying revenue grew by 2% as article submissions and usage increased, despite sales of print books to individuals and pharmaceutical promotion revenues continuing to decline.
Revenue growth in the company's Legal division grew by 1%, hampered by subdued markets in the US and Europe, and online growth being offset by declining print revenues.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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