Reporting its H1 15, Wolters Kluwer positively confirmed its return to a 2% organic revenue growth (revenue up +3% at CER and +17% on a reported basis reflecting the US$ strength). Adjusted OP reached €391m, reflecting a 120bp improvement in the margin to 19.4% and EPS rose by 5% at CER. The full-year outlook was reiterated (i.e. operating margin between 21% and 21.5%, after €35m of restructuring, mainly in the Legal & Regulatory division), although management highlighted that H
29 Jul 2015
Confirmed return to organic growth and rising operating margin
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Confirmed return to organic growth and rising operating margin
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
29 Jul 2015 -
Author:
Véronique Cabioc'h -
Pages:
2
Reporting its H1 15, Wolters Kluwer positively confirmed its return to a 2% organic revenue growth (revenue up +3% at CER and +17% on a reported basis reflecting the US$ strength). Adjusted OP reached €391m, reflecting a 120bp improvement in the margin to 19.4% and EPS rose by 5% at CER. The full-year outlook was reiterated (i.e. operating margin between 21% and 21.5%, after €35m of restructuring, mainly in the Legal & Regulatory division), although management highlighted that H