Elsevier parent’s profit up 20 per cent last year

Company’s science arm reports “pay-to-publish open-access articles growing particularly strongly”

Relx, the parent company of academic publishing giant Elsevier, has reported adjusted profit growth of almost 20 per cent for its 2022 financial year.

The publicly listed company reported on 16 February that its adjusted profit before tax rose to £2.49 billion (€2.80bn) in 2022, up from £2.08bn in 2021.