Wolters Kluwer reported globally in line 9 months 2019 trends, with consolidated revenues up 4% organically (in line with H1 19) and adjusted OP down, as guided for last July (-1% at CER). Positively, the FY19e guidance was reiterated, i.e. another year of good organic revenue growth across the board with the operating margin now anticipated to be at the top-end of the 23-23.5% range. Only some fine-tunings to our forecasts with a likely reiterated Reduce recommendation due to the stretched v

01 Nov 2019
FY19e guidance reiterated and expanded share buy-back


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FY19e guidance reiterated and expanded share buy-back
Wolters Kluwer NV (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
01 Nov 2019 -
Author:
Véronique Cabioc'h -
Pages:
3 -
Wolters Kluwer reported globally in line 9 months 2019 trends, with consolidated revenues up 4% organically (in line with H1 19) and adjusted OP down, as guided for last July (-1% at CER). Positively, the FY19e guidance was reiterated, i.e. another year of good organic revenue growth across the board with the operating margin now anticipated to be at the top-end of the 23-23.5% range. Only some fine-tunings to our forecasts with a likely reiterated Reduce recommendation due to the stretched v