10 April 2012
Anglo-Dutch publishing and events group Reed Elsevier reported a rise in full year profit and said it expected to generate more revenue and profit growth in 2012 despite an uncertain economic backdrop.
The group said adjusted operating profit rose 5% to £1.626 billion ($2.55 billion) while adjusted earnings per share rose 8% to 46.7 pence, slightly ahead of a 46.0 pence a share consensus figure provided by the company and based on the estimates of 23 analysts.
"The macro economic outlook remains uncertain, but ... we expect to deliver another year of underlying revenue and profit growth in 2012," chief executive Erik Engstrom said in a statement.
