According to half-year results released by Reed Elsevier this morning, profits at the company are down by 3%. The company puts the fall in profits down to ‘less favourable market and competitive conditions’ from its rivals.
Pre-tax profits were down from £413 million at the same time last year to £371 million for this year.
Chairman of Reed Elsevier, Morris Tabaksblat said: “Reed Elsevier is a business with an undoubted potential. But it is not performing as strongly as it should do at a time when it needs to respond quickly to challenges and opportunities in its markets.”
Reed Elsevier: 0171 227 5670
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
