Wolters Kluwer reported 9 month 16 revenues up 2% at CER (in line with H1) and +2% organically, implying a slowdown over Q3 as H1 was up +3%. The reported revenues improved by +1%. Top-line growth was again supported by Digital & services (86% total group) which grew by 4% organically (H1 was +5%) while recurring revenues (78% of total) kept the same +4% organic trend as in the first-half. The adjusted operating margin improved by only 20bps as of end-September (was +60bp as of end-June)
02 Nov 2016
A disappointing Q3 performance
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A disappointing Q3 performance
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
02 Nov 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Wolters Kluwer reported 9 month 16 revenues up 2% at CER (in line with H1) and +2% organically, implying a slowdown over Q3 as H1 was up +3%. The reported revenues improved by +1%. Top-line growth was again supported by Digital & services (86% total group) which grew by 4% organically (H1 was +5%) while recurring revenues (78% of total) kept the same +4% organic trend as in the first-half. The adjusted operating margin improved by only 20bps as of end-September (was +60bp as of end-June)