Friday, April 26, 2013

Reed expects a strong year in 2013


News this week: London-listed media group Reed Elsevier released an interim management statement for the first quarter of 2013. Although no actual figures were reported, overall, Reed’s management expects “2013 to be another year of underlying revenue, profit, and earnings growth”.

Excluding biennial exhibition cycling and timing, revenue growth rates of the company’s exhibitions business were maintained at levels similar to the second half of last year, noting in particular that the U.S., Brazil, Japan and emerging markets performed well in the quarter, while Europe saw modest growth.

Looking ahead, Reed’s management expects growth to be good in the U.S. and Japan, but limited in Europe, while strong in other markets. The company also reduced its revenue growth forecast for exhibitions business to 5%-6% in 2013 due to the cycling out of shows.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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