INTERIM MANAGEMENT STATEMENT
Highlights for the nine months to 30 September 2011
- Underlying revenue growth of 1%.
- Underlying revenue growth in each of Reed Elsevier's five business areas (excluding the net cycling out of biennial exhibitions).
- On track to deliver 2011 adjusted earnings per share in line with expectations.
Erik Engstrom, Reed Elsevier's CEO, said:
"The overall improvement in Reed Elsevier's trading performance in the first half has continued. Our large subscription and data businesses are continuing to perform well, increasingly providing information solutions that demonstrably improve the economics of our professional and business customers. The recent uncertainty in the macro-economic environment has had a limited impact on some of our more cyclical businesses with only a marginal effect on our overall results to date. We have continued to strengthen the fundamentals of our business through reshaping the portfolio, investing in our market positions and driving process efficiency."
