"Reed Elsevier 2013 Results"

Reed Elsevier has released "Reed Elsevier 2013 Results."

Here's an excerpt:

Commenting on the results, Anthony Habgood, Chairman, said:

"Reed Elsevier is continuing to deliver on its long term strategic and financial priorities. With underlying revenue growth across all major business areas, operating profit and earnings grew well in 2013. We made good progress on organic development and portfolio reshaping, and our strong cash flow enabled us to step up our share buyback programme whilst maintaining balance sheet strength. We are recommending a +7% increase in the full year dividend for Reed Elsevier PLC and +8% for Reed Elsevier NV, in line with growth in adjusted earnings per share at constant exchange rates."

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