Reed Elsevier Confirms Outlook for Operating Margin
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Reed Elsevier Plc, the owner of the LexisNexis database, said “overall trends of the first half” of the year continued in the second and reaffirmed outlook comments from July.
“As previously stated, a modest reduction year-on-year in adjusted operating margin is expected due to a weak revenue environment and increased investment in legal markets,” the London-based company said in a Business Wire statement today. “Any sustained recovery is expected to be gradual and remains dependent on economic conditions.”