Reed Elsevier Reaffirms 2014 Outlook
April 23 2014 - 3:14AM
Dow Jones News
By Rory Gallivan
LONDON--Anglo-Dutch publishing and exhibitions group Reed
Elsevier PLC (REL.LN) Wednesday said its first quarter growth rates
were broadly in line with 2013 excluding the impact of biennial
exhibitions, and reaffirmed its outlook for the full year.
"We continue to expect good underlying growth in the U.S. and
Japan, and limited growth in Europe," said the company, whose
brands include the legal research product LexisNexis and the
magazine New Scientist.
"In other markets we expect growth to remain strong, albeit at a
slightly lower rate than in 2013."
Shares closed Tuesday at 885 pence valuing the company at 10.2
billion pounds ($17.1 billion).
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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