Wolters Kluwer released another commendable trading update, with all segments experiencing organic growth. Recurring revenues, (82% of total revenues) grew by 7% organically and led to overall growth for the group. WK expects H1-23 organic growth to be slower compared to H1-22, while anticipating an improvement in OP in H2. Yesterday, the stock fell by 5% due to unwarranted concerns in the sector raised by Chatgpt. However, WK’s stock has rebounded today, up 1.4% following the correction.
