Wolters Kluwer released solid H1 20 results with revenues up 3% organically at €2,294m, in line with expectations, and above expected adjusted OP (€577m, i.e. a 25.2% margin compared to 25.2% a year earlier). Adjusted net profit at €426m (+21%) and interim dividend raised from €0.39 to €0.47. The FY20e guidance remains suspended due to the COVID-19 context. Globally, the very good set of results is likely to be share-price supportive, with forecasts and target price expected to be upgraded.