EARNINGS PREVIEW: Reed Elsevier 1H Rev, Oper Profit Seen Down

28th Jul 2010 12:53

Reed Elsevier PLC (REL.LN): 1H Earnings Due: July 29 at 0600 GMT Company Survey of 12 Analysts Average Revenue: GBP2.9Bln, down 5.2% (GBP3.06Bln in 1H 2009) Average adjusted operating profit: GBP700M, down 11% (GBP782M in 1H 2009) Average adjusted basic EPS: 19.5p a share, down 20% (24.5p in 1H 2009) Note: The Anglo-Dutch publishing company is hurting from the difficult economic conditions. The 11% fall in first-half adjusted operating profit won't come as a surprise to investors as the company has flagged a "modest reduction" in adjusted operating margin in 2010 due to a weak revenue environment and increased investment in legal markets. The 20% fall in adjusted EPS is partially due to its July 2009 equity placing. Focus will be on current trading, and any changes to its outlook. ([email protected]) Contact us in London: +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 07:53 ET (11:53 GMT)