Reed Elsevier, the global professional information company, reports underlying revenue, operating profit, and earnings growth on track.
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Financial highlights Ø Underlying revenue growth +2% (+3% excluding biennial exhibition cycling) to £3,025m/€3,570m Ø Underlying adjusted operating profit growth +6% to £870m/€1,027m Ø Adjusted EPS +9% to 26.5p for Reed Elsevier PLC; +4% to €0.48 for Reed Elsevier NV Ø Interim dividend +11% to 6.65p for Reed Elsevier PLC; +2% to €0.132 for Reed Elsevier NV Ø Reported EPS -6% to 22.0p for Reed Elsevier PLC; -9% to €0.42 for Reed Elsevier NV Ø Net debt £3.3bn; 2.1x EBITDA pensions and lease adjusted (1.7x unadjusted) |
