QUOTE AND NEWS
SeekingAlpha  Mar 1  Comment 
Reed Elsevier NV (ENL) Q4 2013 Results Earnings Conference Call February 27, 2014 04:01 PM ET Executives Tony Habgood - Chairman Erik Engstrom - Chief Executive Officer Duncan Palmer - Chief Financial Officer Analysts ...
SeekingAlpha  Feb 27  Comment 
Reed Elsevier (RUK) Q4 2013 Earnings Call February 27, 2014 4:00 am ET Executives Anthony John Habgood - Non-Executive Chairman, Member of Remuneration Committee and Chairman of Reed Elsevier NV Duncan J. Palmer - Former Chief...
Benzinga  Feb 27  Comment 
Reed Elsevier PLC (NYSE: RUK) reported a gain in its full-year profit and lifted its dividend. Reed Elsevier's net profit for the year jumped to 1.11 billion pounds ($1.85 billion), versus a year-ago profit of GBP1.04 billion. Its revenue...
TechCrunch  Jan 23  Comment 
ServiceSource, which provides recurring revenue management software for businesses like Renew OnDemand, announced today that it has acquired Scout Analytics, a Seattle-based provider of predictive analytics for subscription businesses. The terms...
Reuters  Jan 7  Comment 
Centrica finance director Nick Luff will quit this year to join information group Reed Elsevier, leaving Britain's biggest household energy supplier in the midst of a political row over rising bills.     
guardian.co.uk  Jan 7  Comment 
Wall Street Journal  Jan 7  Comment 
Anglo-Dutch publishing company Reed Elsevier has lured Nick Luff, finance chief of U.K. energy major Centrica, as its new CFO.
TechCrunch  Dec 19  Comment 
A familiar story is starting to play out in the Ivory Tower. A powerful incumbent with a very lucrative business model gets reactive when the content it holds the rights for becomes too freely distributed on the web. First, it was the music...
guardian.co.uk  Nov 1  Comment 
Shareholders' use of advocacy and divestment to engage businesses is increasingly pushing companies to look beyond legal boundaries and consider ethical boundaries too When the Joseph Rowntree Charitable Trust (UK) decided to divest from Reed...
Benzinga  Sep 11  Comment 
Below are the top publishing-periodicals stocks on the NYSE and the NASDAQ in terms of PEG ratio. The Dolan Company (NYSE: DM) has a PEG ratio of 0.66. Dolan's trailing-twelve-month revenue is $260.64 million. Meredith (NYSE: MDP) has a PEG...




 
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Reed Elsevier PLC (NYSE: RUK) is a publisher and information provider. The company operates in four segments: Elsevier, comprising scientific, technical and medical publishing; LexisNexis, providing legal, tax, regulatory, risk information and analytics, and business information solutions to professional, business and government customers; Reed Exhibitions, organizing trade exhibitions and conferences; and Reed Business Information, providing information and marketing solutions to business professionals.[1]

Business Growth

In 2010, Reed Elsevier's revenues were flat at £6,055 million.[2] The company's adjusted operating profit was lower by 1% at £1,555 million, with adjusted earnings per share down 5% to 43.4 pence.[2] Overall, the company's spend on product development and sales and marketing was offset by cost reductions.[2]

Revenue from LexisNexis grew during the year, with strong growth in the risk business. However, subscription revenues in the legal business continued to reflect the lower levels of law firm activity and employment.[2]

In the risk solutions business, strong growth in the insurance business was supported by high transactional activity in the U.S. auto and property markets.[2] A continuous pipeline of new data and analytics products also drives growth, ranging from helping insurers better assess underwriting risk to reducing cost and improving the effectiveness of the insurers’ workflow.[2]

Reed Exhibitions saw revenue growth from biennial exhibitions and a moderated decline in annual show revenues. The 2010 shows have had growing attendance at the majority of annual events and exhibitor numbers up 4% in the top 50 annual shows.[2] Shows in China, Russia, the Middle East and Brazil, in particular, grew strongly.

Reed Business Information saw growth in data services and online marketing solutions and moderated declines in advertising markets. The sale and closure of the U.S. controlled circulation magazines and certain other titles were completed, together with the sale of clusters of titles in Europe and Asia.[2]

Acquisitions

In 2010 Reed Business Information acquired a majority share in the leading petrochemical and energy information service in China, CBI China.[2] In February 2011, the company acquired Shanghai Datong Medical Information Technology Co., Ltd.[1]

Trends and Forces

Demise of print publications

Reed Elsevier has seen a significant migration from print products to electronic content and tools over the last ten years.[2] In fact, print revenues now account for only 25% of revenues, while electronic content accounts for 61% of revenue. This trend will likely continue, meaning Reed Elsevier will need to continue to transition away from print publications and invest more in electronic formats. This is an industry wide trend reflecting the convenience of accessing information digitally rather than in print format.

Image: Elsevier.gif

New revenue models may adversely impact Reed Elsevier's revenue

Reed Elsevier's scientific, technical and medical (STM) publications are published on a paid subscription basis. There has been an ongoing debate among academics, the government, and libraries regarding whether such publications should be funded instead through fees charged to authors and from governmental and other subsidies or made freely available after a period following publication. If these methods of STM publishing are widely adopted or mandated, it would adversely affect Reed Elsevier's revenue from paid subscription publications.[3]

Competition

Reed Elsevier operates in a highly competitive information and publishing industry, competing with heavyweights like McGraw Hill (MHP), Scholastic (SCHL), and Thomson Reuters (TRI). Reed Elsevier continually innovates and adds new research products to its portfolio in order to keep up with competitors.

References

  1. 1.0 1.1 Reuters: RUK
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Reed Elsevier Investor Relations: Chief Executive Officer's Report
  3. Reed Elsevier Annual Report 2010: Principal Risks
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