Citation
(2003), "Recession-proof? Reed Elsevier, Wolters Kluwer and Thomson lead 2002 Operating Margins", Interlending & Document Supply, Vol. 31 No. 1. https://doi.org/10.1108/ilds.2003.12231aab.017
Publisher
:Emerald Group Publishing Limited
Copyright © 2003, MCB UP Limited
Recession-proof? Reed Elsevier, Wolters Kluwer and Thomson lead 2002 Operating Margins
Recession-proof? Reed Elsevier, Wolters Kluwer and Thomson lead 2002 Operating Margins
Elsevier continues to develop its successful business strategy. While maintaining high profits and profit margins it has made access available to most of its 1,500 journals back to Vol. 1 No. 1.
Reed Elsevier leads other publishers in profit margin for the first half of 2002, according to a summary of publisher profits in Professional Publishing Report. Reed's overall adjusted operating profits were down one percentage point due to the acquisition of Harcourt's educational assets. (Reed acquired Harcourt in July 2001 for $4.5 billion.) Wolters Kluwer claims the second largest profit margin – 19.9 per cent, down from 21.2 per cent in 2001. Kluwer revenues increased 9.6 per cent to $1.44 billion, but operating income was up 2.9 per cent, to $287 million for Kluwer's STM group, International Health and Science, and its three Legal, Tax, and Business Clusters. Thomson's STM and legal publishing activities yielded strong revenue and profit growth, increasing 4.2 per cent to $2.53 billion.
Sources: Professional Publishing Report, 6 September 2002; SPARC e-news, August-September 2002.