Wolters Kluwer reported satisfactory trends for Q1 19, with revenues up 4% organically and an “improved” adjusted operating margin. The FY19 guidance is reiterated, i.e. another year of good organic revenue growth across the board as well as an incremental operating margin improvement (anticipated at between 23% and 23.5%). Note that the latter is targeted to “decline modestly” in H1 19 due to the phasing of revenues and costs. No major change to our forecasts.
10 May 2019
Confidence in the FY19 guidance in the aftermath of a sound Q1
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Confidence in the FY19 guidance in the aftermath of a sound Q1
Wolters Kluwer N.V. (WKL:WBO) | 0 0 0.5% | Mkt Cap: 11,543m
- Published:
10 May 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Wolters Kluwer reported satisfactory trends for Q1 19, with revenues up 4% organically and an “improved” adjusted operating margin. The FY19 guidance is reiterated, i.e. another year of good organic revenue growth across the board as well as an incremental operating margin improvement (anticipated at between 23% and 23.5%). Note that the latter is targeted to “decline modestly” in H1 19 due to the phasing of revenues and costs. No major change to our forecasts.