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Merger between Elsevier and UK publisher Reed International. Active in the publishing industry; Scientific and medical information; Professional information; Business information; General information. Reed Elsevier is one of the world's largest publishing and information companies. Its activities include scientific, professional, business and, to a smaller extent, consumer publishing. Reed Elsevier came into existence on January 1, 1993 when Reed International P.L.C., a UK company, and Elsevier NV, a Dutch company, contributed all their businesses to two jointly owned companies; Reed Elsevier plc, an operating company and Elsevier Reed BV, a finance company. Reed Elsevier is the name used to refer to the combination of Reed International P.L.C. and Elsevier NV and the two jointly owned subsidiaries. Under the equalization arrangements agreed at the time of the merger, ordinary shareholders in Reed International P.L.C. and Elsevier NV enjoy substantially equivalent dividend and capital rights with respect to their ordinary shares in the net income and net assets of Reed Elsevier.
| Year results |
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| in EUR mln | 2000 | 1999 |
| turnover | 3091.0 | 2577.0 |
| operating result | -3.0 | -5.0 |
| net interest | -85.0 | -63.0 |
| result participations | 175.0 | 142.0 |
| fin. income/charges | 90.0 | 79.0 |
| other income/charges | 70.0 | 6.0 |
| result before taxes | 157.0 | 80.0 |
| taxes | -130.0 | -128.0 |
| net result | 27.0 | -48.0 |
| result per share | 0.04 | -0.07 |
Estimated EPS for
2001: EUR 0.65
2002: EUR 0.75
(Sep. 22 2001)
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Section:
AEX Index shares
Ticker: ELS
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