Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Reed Elsevier reports higher revenue, profits

Published on .

London--Reed Elsevier on Thursday reported its preliminary results for 2002, which showed a 13% increase in revenue and an 11% increase in adjusted profits before taxes.

The company achieved these results despite the difficult environment in b-to-b media.

The Reed Business division experienced a 6% decline in revenue but, thanks in part to cost-cutting and a focus on building market share, also posted a 2% profit.

Reed Elsevier expects to continue its growth in 2003.

“Despite the adverse economic environment, we continue to see significant opportunities for growth and have a good pipeline of initiatives to deliver on them,” CEO Crispin Davis said.

--Sean Callahan

Most Popular
In this article: