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reed elsevier nv (RDLSF) Key Developments

Reed Elsevier NV Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Reed Elsevier NV reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of GBP 3,473 million against GBP 3,570 million a year ago. Adjusted operating profit was GBP 1,049 million against GBP 1,027 million a year ago. Reported operating profit was GBP 850 million against GBP 807 million a year ago. Adjusted profit before tax was GBP 965 million against GBP 918 million a year ago. Profit before tax was GBP 739 million against GBP 739 million a year ago. Adjusted net profit was GBP 736 million or GBP 0.52 per share against GBP 698 million or GBP 0.48 per share a year ago. Reported net profit was GBP 554 million or GBP 0.39 per share against GBP 601 million or GBP 0.42 per share a year ago. Net cash used in operating activities was GBP 533 million against GBP 190 million a year ago. The full year 2014 outlook is unchanged. Underlying trends in business continue to be positive as enter the second half, and remain confident that, by continuing to execute on strategy of delivering improved outcomes to professional customers, primarily through organic investment, will deliver another year of underlying revenue, profit, and earnings growth in 2014.

Reed Elsevier NV Recommends Interim Dividend

Reed Elsevier NV recommended an increase of 14% interim dividend to €0.151 per share.

Elsevier Announces the Launch of an Optimized Mobile Version of ScienceDirect

Elsevier announced the launch of an optimized mobile version of ScienceDirect, its full-text scientific database. The updated mobile version of ScienceDirect now allows researchers to read journal articles on mobile devices through a specifically designed interface offering high readability and a streamlined page layout. Users of ScienceDirect that access journal articles on a mobile device will automatically be directed to a dedicated page which offers an online experience tailored for mobile use. The mobile view is designed around how people work when they use mobile devices, including simple browse, scan, read or save-for-later features. The mobile view is also built with high performance principles to counter the high latency, low bandwidth and limited processing power of mobile devices. The updated mobile version of ScienceDirect has been designed based on user feedback and consultation. Users want focused and fast access to articles, with easy reading and navigation that keeps resizing, panning and scrolling to a minimum. The mobile version of ScienceDirect now supports fast navigation, access to similar results, easy access to references, the ability to view tables and a pinch-to-zoom feature. Users can also choose to open articles as a PDF and can export articles to Mendeley, RefWorks, and in BibTeX format, among others.

Reed Elsevier NV Appoints Nick Luff as an Executive Director; Approves Final Dividend for the Year 2013

Reed Elsevier NV announced that at the Annual General Meeting held on April 23, 2014, the shareholders approved the appointment of Mr. Nick Luff as an executive director The shareholders also approved the 2013 financial statements and determined the total dividend for 2013 at €0.506 per ordinary share of €0.07 nominal value. After taking account of the interim dividend paid in August 2013 of €0.132 per ordinary share the final dividend is €0.374 per ordinary share.

Elsevier Unveils New Digital Platform for Expert Consult, Student Consult

Elsevier announced the launch of the fully redesigned Expert Consult and Student Consult, its two medical reference and learning platforms, now powered by Inkling, the creator of engaging, intuitive digital books for some of the world's most respected publishers. Expert Consult and Student Consult now feature Inkling's standard-setting reading and search experience. Both existing and new users will benefit from easy search, consistent structure, rich media, social and community features, as well as seamless electronic access from any device. These interactive tools offer access to Elsevier's robust, renowned library of texts, including Netter's Atlas of Human Anatomy, Gray's Anatomy and Braunwald's Heart Disease in digital format. There is no additional cost for separate use of digital and print copies of each available title. If a clinician or medical student buys the print version of an Elsevier medical reference or textbook, the corresponding digital title is also theirs on Expert Consult or Student Consult. Elsevier is making use of Inkling Habitat, the cloud publishing platform, to build and manage the content of more than 800 medical texts so that they are consistently structured, searchable and easily updated. Expert Consult and Student Consult users experience truly interactive content that brings new meaning to illustrations and allows readers' annotations to travel across their devices and be shared with others.

 

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