[GOAL] Re: Reed Elsevier 2014 annual report: negative growth and changing business strategy

[Frantsvåg Jan Erik]

I am afraid that the 2014 numbers may be a bit misleading, as Elsevier has changed some of their accounting practices. See p. 104 of the report.

The 2013 profit rate of 39 % originally reported in the 2013 report is here recalculated to 37.0 % according to the new principles, and with the 2014 profit being 37.2 % this becomes a slight increase, not a decrease.

Best,
Jan Erik

Jan Erik Frantsvåg
Open Access adviser
The University Library
UiT The Arctic University of Norway
phone +47 77 64 49 50
e-mail jan.e.frantsvag at uit.no<mailto:jan.e.frantsvag at uit.no>
http://en.uit.no/ansatte/organisasjon/ansatte/person?p_document_id=43618&p_dimension_id=88187
Publications: http://tinyurl.com/6rycjns
http://orcid.org/0000-0003-3413-8799



From: goal-bounces at eprints.org [mailto:goal-bounces at eprints.org] On Behalf Of Heather Morrison
Sent: 3. juli 2015 18:47
To: Global Open Access List (Successor of AmSci)
Subject: [GOAL] Reed Elsevier 2014 annual report: negative growth and changing business strategy

The 2014 Reed Elsevier annual report is now available at:
http://www.relx.com/investorcentre/reports%202007/Documents/2014/relxgroup_ar_2014.pdf

Possibly of interest:

Revenue and profit decrease:  before adjusting for currency, Elsevier is reporting a 4% decrease in revenue for Scientific, Technical and Medicine and a 3% decrease in profit. The numbers are a 2,048 GBP revenue, 762 GBP adjusted operating profit, for a 37% profit rate (down from 39%). Elsevier is counting both revenue and profit as a slight increase after adjusting for currency (p. 12)
(For 2013 39% profit rate see: http://poeticeconomics.blogspot.ca/2014/03/elsevier-stm-publishing-profits-rise-to.html)

Changing business strategy:  "we are now primarily focused on driving the transition from electronic reference to electronic decision tools" (p. 5, 2014 progress)

best,

--
Dr. Heather Morrison
Assistant Professor
École des sciences de l'information / School of Information Studies
University of Ottawa
Desmarais 111-02
613-562-5800 ext. 7634
Sustaining the Knowledge Commons: Open Access Scholarship
http://sustainingknowledgecommons.org/
http://www.sis.uottawa.ca/faculty/hmorrison.html
Heather.Morrison at uottawa.ca<mailto:Heather.Morrison at uottawa.ca>

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