Reed Elsevier 'confident' on 2014 after full-year earnings rise

reed(Reuters) – Anglo-Dutch media group Reed Elsevier reported a 7 percent rise in adjusted earnings per share, broadly in line with forecasts, and said it was confident it would deliver further growth in 2014.

The owner of the LexisNexis legal and ScienceDirect medical and science databases posted adjusted earnings per share of 54 pence for its London-listed entity and 0.99 euros for the Dutch group, up 7 percent at constant currency.

Underlying revenue, excluding the impact of events it holds every other year, rose 3 percent to 6.04 billion pounds or 7.1 billion euros ($10.1 billion), it said on Thursday.

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