Reporting its Q1 20 Trading Update, Wolters Kluwer confirmed +4% organic revenue growth, driven by recurring revenues (+5%; 82% total group) while non-recurring decreased by 2% (COVID-19 impact from mid-March). Operating margin was up 110bp. Due to the COVID-19, the FY20 guidance is nonetheless suspended. Despite resilience expected for digital & services subscriptions, new sales are obviously more difficult and some postponements are expected, while transactional products are likely to b
06 May 2020
FY20e guidance suspended, share buy-back and dividend maintained
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FY20e guidance suspended, share buy-back and dividend maintained
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
06 May 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Reporting its Q1 20 Trading Update, Wolters Kluwer confirmed +4% organic revenue growth, driven by recurring revenues (+5%; 82% total group) while non-recurring decreased by 2% (COVID-19 impact from mid-March). Operating margin was up 110bp. Due to the COVID-19, the FY20 guidance is nonetheless suspended. Despite resilience expected for digital & services subscriptions, new sales are obviously more difficult and some postponements are expected, while transactional products are likely to b