Springer Nature forecasts 2025 revenue boost amid Open Access growth
March 18 (Reuters) - German publishing group Springer Nature (SPGG.DE), opens new tab forecast higher revenue for 2025 on Tuesday, after it posted full-year revenue in line with analysts' expectations, driven by strong performance of its Open Access (OA) journals portfolio.
The academic publisher expects to reach sales of 1.89 billion to 1.94 billion euros ($2.06 billion to 2.12 billion) this year, compared with last year's 1.85 billion euros which matched an LSEG consensus estimate.
Springer Nature published 50% of its primary research articles OA last year, marking a shift from traditional journal subscriptions to a model where research funders or authors cover publication costs.
In November, CEO Frank Vrancken Peeters expressed confidence in reaching this milestone in 2024, with future revenue expected to follow the same trend.
The publisher of the scientific journal Nature invested 177 million euros in technology and AI to improve its publishing process in 2024, it said in the statement.
It reported full-year results for the first time after its initial public offering in October.
In November, it said it had used the IPO proceeds of 200 million euros to repay outstanding debt, reducing net debt to 2.5 times its core profit (EBITDA).
($1 = 0.9166 euros)
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