The invention relates to a processing device for processing printed products, in particular for collecting individual printed sheets for manufacturing an assembled printed product. The device includes a drum rotatable about a rotation axis and at least two feed stations arranged distanced from one another in the direction of the rotation axis, for feeding printed products, and at least one lead-away station for leading away processed printed products. The drum includes several guides, in particular saddle-like rests or conveyor compartments which are arranged in succession in the peripheral direction of the drum and are movable along a closed revolving path, as well as advance elements controlled by a control unit, for displacing the printed products in the direction of the rotation axis. For increasing the flexibility, the device is composed of modules.