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Reed Elsevier hopes cost cuts will help it achieve annual profit per share growth of more than 10 percent, chief executive Crispin Davis told a Dutch newspaper on Wednesday, according to Reuters.
Reed Elsevier will keep its official target at a growth rate of at least 10 percent annually, but internally it hopes for better margins to boost its share price, Davis told Dutch newspaper Het Financieele Dagblad without giving a figure.