Reed Elsevier Backs FY14 Forecast For Higher Results - Quick Facts

(RTTNews) - Anglo-Dutch publishing and events company Reed Elsevier Plc. (REL.L, RUK, ENL) Wednesday said its first-quarter underlying revenue growth rates, excluding biennial exhibition cycling, remained broadly consistent with full year 2013. The company also said its fiscal 2014 outlook remains unchanged.

Going ahead, the company remains confident to deliver another year of underlying revenue, profit, and earnings growth, by continuing to execute on its strategy.

In its interim management statement, the professional information company said it supported organic growth strategy with selective small acquisitions of content and data assets, including Innovata and Tracesmart, and with the disposal of Buyerzone.

In the Scientific, Technical & Medical business area, the company said its revenue drivers were broadly unchanged on last year.