This could be a little bit of a scary addendum at the bottom of a Reed Press release for Lexis management and staff.
Basically it says.. we’re fine and we’re making money via our business and scientific arms .. but please don’t ask too many
questions about Lexis.
Will all those rumours about Lexis being up for sale pop up again.
Here’s what Reuters have to say. The pertinent sentence is confined to the end of the piece
Reed Elsevier sees further growth in 2012
http://www.chicagotribune.com/business/sns-rt-us-reedelsevierbre83n07o-20120423,0,6251244.story
LONDON (Reuters) – Anglo-Dutch publishing and events group Reed Elsevier said it was on track for further growth this year, helped by strength at its core Elsevier business.
Reed, which publishes scientific, business and academic information, said on Tuesday growth rates in the first quarter were consistent with 2011 trends.
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“2012 is on track to be another year of underlying revenue and profit growth as we further strengthen the business through organic investment and portfolio adjustment,” the company said.
Analysts currently expect Reed to report a full-year pretax profit of about 1.4 billion pounds ($2.3 billion), on sales of about 6.1 billion, according to a Thomson Reuters I/B/E/S poll.
Reed said it expects modest underlying revenue growth at its Elsevier business, which provides science and health information and accounts for 47 percent of group profit, on research volume growth and higher demand for electronic products and tools.
The company, however, warned the scope for short-term underlying revenue growth at its LexisNexis Legal & Professional division – which competes with Thomson Reuters’ Westlaw – was limited.
