Wolters Kluwer First-Quarter 2020 Headline Results
April 23 2020 - 2:00AM
Wolters Kluwer First-Quarter 2020
Headline Results
April 23, 2020 – At today’s Annual General Meeting,
Wolters Kluwer will present a summary of 2019 financial results and
strategic progress as part of the meeting agenda.
Management will also discuss how it has been supporting
frontline healthcare customers during the COVID-19 pandemic and how
it has transitioned over 95% of its employees to a work-from-home
status to protect their health and wellbeing.
The company is still evaluating the impact of COVID-19 on its
business going forward and will not be presenting or answering
questions on the 2020 financial outlook at the meeting today.
First quarter 2020 performance was solid, with organic revenue
growth of 4% and good margin improvement. Recurring revenues, which
made up 82% of total revenues in the quarter, sustained 5% organic
growth. Non-recurring revenues declined 2%, exhibiting the early
impact from COVID-19 in the final two weeks of March. We intend to
provide further detail on first quarter performance and an update
on the outlook for 2020 in our first-quarter trading update
scheduled for May 6, 2020.
The Annual General Meeting can be followed on our website at
www. wolterskluwer.com/investors. The CEO’s presentation slides
will be made available shortly before the meeting starts.
Media
Investors/AnalystsAnnemarije Dérogée-Pikaar
Meg GeldensCorporate Communication
Investor
Relationst + 31 (0)172 641 470
t + 31 (0)172 641 407
annemarije.pikaar@wolterskluwer.com
ir@wolterskluwer.com
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional
information, software solutions, and services for the healthcare;
tax and accounting; governance, risk and compliance; and legal and
regulatory sectors. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain
knowledge with specialized technology and services.
Wolters Kluwer reported 2019 annual revenues of €4.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 19,000
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information, visit www.wolterskluwer.com, follow us on
Twitter, Facebook, LinkedIn, and YouTube.
Financial Calendar April 23,
2020
Annual General Meeting of ShareholdersApril 27, 2020
Ex-dividend date: 2019 final dividendApril 28, 2020
Record date: 2019 final dividendMay 6, 2020
First-Quarter 2020 Trading UpdateMay 20, 2020
Payment date: 2019 final dividend ordinary sharesMay 27, 2020
Payment date: 2019 final dividend ADRsAugust 5, 2020
Half-Year 2020
ResultsSeptember 1, 2020
Ex-dividend date: 2020 interim dividendSeptember 2, 2020
Record date: 2020 interim
dividendSeptember 24, 2020 Payment date:
2020 interim dividendOctober 1, 2020
Payment date: 2020 interim dividend
ADRsOctober 30, 2020
Nine-Month 2020 Trading Update
Forward-looking Statements and Other Important Legal
Information
This report contains forward-looking statements. These
statements may be identified by words such as “expect”, “should”,
“could”, “shall” and similar expressions. Wolters Kluwer cautions
that such forward-looking statements are qualified by certain risks
and uncertainties that could cause actual results and events to
differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from
these forward-looking statements may include, without limitation,
general economic conditions; conditions in the markets in which
Wolters Kluwer is engaged; behavior of customers, suppliers, and
competitors; technological developments; the implementation and
execution of new ICT systems or outsourcing; and legal, tax, and
regulatory rules affecting Wolters Kluwer’s businesses, as well as
risks related to mergers, acquisitions, and divestments. In
addition, financial risks such as currency movements, interest rate
fluctuations, liquidity, and credit risks could influence future
results. The foregoing list of factors should not be construed as
exhaustive. Wolters Kluwer disclaims any intention or obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Elements of this press release contain or may contain inside
information about Wolters Kluwer within the meaning of Article 7(1)
of the Market Abuse Regulation (596/2014/EU).
- 2020.04.23 Wolters Kluwer First-Quarter 2020 Headline
Results
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