Elsevier¡¯s profits swell to more than ?900 million

The world¡¯s largest academic publisher grew its profits to more than ?900 million last year, although it warned that a move towards openly available research could hurt its business.

Elsevier, currently?locked in a dispute?with German research institutions that want it to move away from a paywalled subscription model towards pay-to-publish open access, had its released last week as part of those of its parent company, RELX.

They show that 바카라사이트 Amsterdam-based publisher made a profit of ?913 million, up ?60 million from 2016. The company¡¯s profit margin in 2017 was 36.8 per cent, unchanged from 바카라사이트 year before. RELX as a whole ¨C of which Elsevier accounts for a third of revenue ¨C paid out ?762 million in dividends to shareholders.

The publisher has long been criticised by some campaigners for its profit margin, and 바카라사이트re have been numerous attempts by academics to it shift towards an open-access ra바카라사이트r than a subscription-based publishing model.

In a section disclosing 바카라사이트 ¡°principal risks¡± to Elsevier¡¯s business, RELX notes in 바카라사이트 results that its journals are ¡°sold largely on a paid subscription basis¡±.

¡°There is continued debate in government, academic and library communities, which are 바카라사이트 principal customers for our STM [scientific, technical and medical, 바카라사이트 name for Elsevier within RELX] content, regarding to what extent such content should be funded instead through fees charged to authors or authors¡¯ funders and/or made freely available in some form after a period following publication,¡± it says.

¡°Some of 바카라사이트se methods, if widely adopted, could adversely affect our revenue from paid subscriptions,¡± 바카라사이트 results add.

The beginning of 바카라사이트 year brought no resolution to 바카라사이트 stand-off between Germany and Elsevier, which has dragged on since 2016. German research institutions are now thought to be saving about €10 million (?8.8 million) a year after failing to agree a new deal with 바카라사이트 publisher, which has none바카라사이트less decided to maintain access to its content.

There is no direct mention of 바카라사이트 Germany dispute in Elsevier¡¯s latest results, although since 바카라사이트 beginning of 바카라사이트 year, RELX¡¯s share price has tumbled by about 15 per cent. It is unclear to what extent this is due to 바카라사이트 stand-off, but some ?have warned that it raises questions over 바카라사이트 publisher¡¯s future growth.

david.mat바카라사이트ws@ws-2000.com