RE: Elsevier plus LexusNexis: profits up for 2008, to over $1.5 billion U.S.

["David Prosser" <david.prosser@bodley.ox.ac.uk>]

One thing I found interesting in a recent article on Sir Crispin 
Davis, who is stepping down as Reed Elsevier chief executive, was 
the fact that he predicts 80% of their business will grow in 2009 
despite the world economic situation. 
(http://business.timesonline.co.uk/tol/business/industry_sectors/media/article5768684.ece)

Reed Elsevier believe that they have built a recession-proof 
business that is unaffected by any budgetary problems their 
customers are experiencing. They may just be right!

David
SPARC Europe

-----Original Message-----
From: owner-liblicense-l@lists.yale.edu
[mailto:owner-liblicense-l@lists.yale.edu] On Behalf Of Heather Morrison
Sent: 24 February 2009 00:26
To: liblicense-l@lists.yale.edu
Subject: Elsevier plus LexusNexis: profits up for 2008, to over $1.5 billion
U.S.

**	with apologies for cross-posting	**

Elsevier recently released early 2008 results:  profits are UP,
to over $1.5 billion U.S. for the Elsevier and LexisNexis
divisions alone.  This is not a typo - that's PROFIT, not
revenue.

Profit margins are 33% for Elsevier and 26% for LexisNexis.

Here are some ways to explain what that 33% Elsevier profit
means:

Elsevier could reduce prices by one-third for all of their
customers around the world - with no other changes to business
practices - and still break even.

Elsevier could reduce prices by twenty percent for of their
customers around the world - and still have an enviable profit
rate of 13%.

For additional numbers and links, see:
http://poeticeconomics.blogspot.com/2009/02/elsevier-plus-lexisnexis-
earned-more.html

Any opinion expressed in this e-mail is that of the author alone,
and does not represent the opinion or policy of BC Electronic
Library Network or Simon Fraser University Library.

Heather Morrison, MLIS
The Imaginary Journal of Poetic Economics
http://poeticeconomics.blogspot.com