Wolters Kluwer reported solid FY19 results in line or slightly above expectations. Sound organic revenue growth at +4%, driven by digital & services (+6%), and an adjusted operating margin above guidance at 23.6%. Adjusted EPS up 11% at CER and the proposed dividend above street estimates (€1.18). A €350m share buy-back programme was announced. Sound FY20e guidance with adjusted operating margin anticipated at 23.5-24% and mid-to-high single-digit growth in diluted adjusted EPS
26 Feb 2020
Solid FY19 results and sound prospects ahead
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Solid FY19 results and sound prospects ahead
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
26 Feb 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Wolters Kluwer reported solid FY19 results in line or slightly above expectations. Sound organic revenue growth at +4%, driven by digital & services (+6%), and an adjusted operating margin above guidance at 23.6%. Adjusted EPS up 11% at CER and the proposed dividend above street estimates (€1.18). A €350m share buy-back programme was announced. Sound FY20e guidance with adjusted operating margin anticipated at 23.5-24% and mid-to-high single-digit growth in diluted adjusted EPS