Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Reed Elsevier Plc (REL)

  Print      Mail a friend       Annual reports

Tuesday 24 April, 2012

Reed Elsevier Plc

Interim Management Statement

Reed Elsevier Reaffirms 2012 Outlook

Interim Management Statement

Reed Elsevier

7.00am (BST)
24 April 2012

Reed Elsevier, the professional information company, has issued a statement relating to the first quarter trading performance and outlook for the full year.

Reed Elsevier

  • Underlying growth rates in Q1 were consistent with the 2011 full year trends.
  • Portfolio development continued during the period, with acquisitions of complementary online subscription services and exhibitions in emerging markets, and divestment of a number of advertising-based businesses and certain print products.
  • Full year outlook: 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.

Trading performance and full year outlook by business area:

Elsevier

  • By the end of Q1 completion of subscription renewals was well progressed in both Science & Technology and Health Sciences. The global customer budgetary environment is broadly similar to last year, with variations by both geography and customer. Research article submissions, articles published and usage have continued to show good growth, and sales of databases and tools are growing well.
  • In Health Sciences, good growth in global medical research and clinical decision support was offset by continued weakness in pharma promotion, and increasing pressure on print book sales to individuals, driven by format migration and the weak economic environment.
  • Full year outlook: We expect another year of modest underlying revenue growth at Elsevier, underpinned by research volume growth and growing demand for electronic products and tools.

LexisNexis Risk Solutions

  • The insurance data & analytics business continued to perform strongly in Q1 reflecting solid demand for core underwriting products and growth from new solutions. Business services also performed well, driven by continuing product success in financial services and corporate markets.
  • Screening solutions saw moderate revenue growth in Q1, reflecting earlier timing of the spring ramp up in retail-related hiring. Government revenue declines continued in Q1, with growth at the state and local government level more than offset by federal budget constraints and last year’s wind down of certain federal contracts.
  • Full year outlook: The good underlying growth in insurance and business services is set to continue, while the market outlook for screening remains uncertain and the government environment is mixed.

LexisNexis Legal & Professional

  • Underlying revenue growth remained marginally positive in Q1 in subdued market conditions.
  • In the US good growth in usage, new sales of online research and litigation tools continued, while print products and web based listings declined. In international markets, the on-going format migration was reflected by declining print sales and good growth in online solutions.
  • Full year outlook: The scope for short term underlying revenue growth or margin expansion remains limited given the current market environment.

Reed Exhibitions

  • Reed Exhibitions has started the year well, with good Q1 growth in annual events in North America, Asia and Latin America. European annual events have seen growth, but at somewhat lower levels than last year, particularly in southern Europe. Q1 benefited from the net cycling in of biennial events.
  • In Q1 we completed the buy-out of our Brazilian joint venture and made smaller acquisitions in Brazil, China, and in the alternative energy sector.
  • Full year outlook: The Q1 trends, with good growth in most annual shows, are expected to continue. The positive impact of biennial cycling in 2012 will be particularly apparent in the first half.

Reed Business Information

  • The major data services businesses continued to perform well in Q1, although the US construction sector remains weak. The recent acquisition of Accuity is delivering on expectations. Leading brands remained stable, while other business magazines and services saw continued declines reflecting weak print advertising markets in Europe.
  • Significant progress has been made in increasing the focus of the RBI portfolio on paid content and subscription based online data services. In Q1 we announced the intention to divest RBI’s Australian magazine and marketing services activities, and Variety, the US title serving the entertainment industry. In early April we announced the sale of TotalJobs, the UK’s leading online recruitment advertising business.
  • Full year outlook: The underlying revenue growth rate will be marginally diluted by the sale of TotalJobs. Overall, we expect the good underlying growth in data services to be offset by print advertising declines.

Financial position

  • Reed Elsevier’s financial position remains strong with good cash generation.

- ENDS -

Enquiries
Paul Abrahams (Media)
+44 20 7166 5724

Colin Tennant (Investors)
+44 20 7166 5751

Notes to Editors

Reed Elsevier Group plc is a world leading provider of professional information solutions to the science, medical, legal, risk management, and business to business sectors. The group employs more than 30,000 people, including 16,000 in North America. Reed Elsevier Group plc is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market capitalisation of the two parent companies is approximately £11bn/€14bn. Their shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.

Forward-looking statements: This Interim Management Statement contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These statements are subject to a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those currently being anticipated. The terms “estimate”, “project”, “plan”, “intend”, “expect”, “should be”, “will be”, “believe” and similar expressions identify forward-looking statements. Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to: general economic and business conditions; competitive factors in the industries in which Reed Elsevier operates; demand for Reed Elsevier's products and services; exchange rate fluctuations; legislative, fiscal and regulatory developments; political risks; changes in law and legal interpretations affecting Reed Elsevier's intellectual property rights and internet communications; the availability of third party content and data; terrorism, acts of war and pandemics; the impact of technological change; and other risks referenced from time to time in the filings of Reed Elsevier PLC and Reed Elsevier NV with the US Securities and Exchange Commission.

News Release

Issued on behalf of Reed Elsevier PLC and Reed Elsevier NV