Robust year for Reed Elsevier

"Elsevier, which contains the science publishing divisions and accounts for 44% of adjusted profits for the entire group, saw sales grow 4%, while profit increased 9%....One area of concern highlighted within the report is the growth of open access within the journals market. "If these methods of STM publishing are widely adopted or mandated, it could adversely affect our revenue from paid subscription publications," the statement said...."