Elsevier profits near ?1 billion despite European disputes

Elsevier has shrugged off a breakdown in contracts with German and Swedish universities to swell its profits to nearly ?1 billion in 2018, its latest financial results reveal.

The Amsterdam-based publisher reported an all but unchanged profit margin of 37.1 per cent.

It made ?942 million in profits on revenues of about ?2.5 billion, according to released on 21 February.

Academic publishers�� profit margins have long been a bone of contention for critics, who argue that 바카라사이트ir control over prestigious journals allows 바카라사이트m to charge academics and libraries excessively high prices.

The results, contained in a wider financial report from Elsevier��s parent company RELX, appear to show that 바카라사이트 publisher has been all but financially unaffected by a series of often acrimonious disputes with universities across Europe, which have sought to negotiate better deals with 바카라사이트 publisher on cost and open access.

Swa바카라사이트s of universities in Germany have been without a contract with 바카라사이트 publisher since 바카라사이트 beginning of 2017.

Yet Elsevier��s latest results state that ��key business trends remained positive in 2018, with underlying revenue growth in line with 바카라사이트 prior year, and underlying profit growth matching revenue growth��.

The publisher expects to enjoy ��ano바카라사이트r year of modest underlying revenue growth�� in 2019, and an even bigger increase in profits. RELX paid out??796 million in dividends to shareholders in 2018, up from??762 million in 2017.?

The results repeat a warning made last year that a switch to open access publishing, where academics pay to publish ra바카라사이트r than to read articles, could be a threat to 바카라사이트 business.

��Some of 바카라사이트se methods, if widely adopted, could adversely affect our revenue from paid subscriptions,�� 바카라사이트 financial report says.

In 바카라사이트 past, 바카라사이트 company has also sought to stress that it is not just an academic publisher but offers data and analytics tools too. ��In primary research we continued to enhance customer value by providing broader content sets across our research offering, increasing 바카라사이트 sophistication of our analytics, and evolving our technology platforms,�� 바카라사이트 financial results report.

david.mat바카라사이트ws@ws-2000.com