Wolters Kluwer reported H1 16 revenues of €2,042m, up 2% at CER and +3% organically, once again supported by digital & services (86% total group) which grew 5% organically as well as by recurring revenues (78% of total) up 4% organically. Lower restructuring expenses (€8m compared with €22m in H1 15) helped the adjusted operating margin to improve to c.20% (+60bps) and diluted adjusted EPS rose by 6% at CER to €0.88. The group is proposing a €0.19 cash interim div
09 Aug 2016
Satisfactory H1 16 results but still in investment mode
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Satisfactory H1 16 results but still in investment mode
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
09 Aug 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Wolters Kluwer reported H1 16 revenues of €2,042m, up 2% at CER and +3% organically, once again supported by digital & services (86% total group) which grew 5% organically as well as by recurring revenues (78% of total) up 4% organically. Lower restructuring expenses (€8m compared with €22m in H1 15) helped the adjusted operating margin to improve to c.20% (+60bps) and diluted adjusted EPS rose by 6% at CER to €0.88. The group is proposing a €0.19 cash interim div