Wolters Kluwer N.V.
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Publicatie datum
05 nov 2014 - 08:07
Statutaire naam
Wolters Kluwer N.V.
Titel
Wolters Kluwer 2014 Third-Quarter Trading Update
Bericht
November 5, 2014 - Wolters Kluwer, a global leader in professional information services, today released its scheduled 2014 third-quarter trading update.
Highlights
Full-year 2014 guidance reiterated.
Nine-month revenues up 2% in constant currencies and up 1% organically.
Leading, growing positions (47% of total revenues) up 7% organically.
Digital products (67% of total) up 5% organically, more than offsetting decline in print.
North America (54% of total) and Asia Pacific & ROW (8% of total) driving growth.
Nine-month adjusted operating profit margin declined in line with our expectations, reflecting planned restructuring costs.
Nine-month adjusted free cash flow declined modestly in constant currencies, on track to meet our full-year guidance.
Net-debt-to-EBITDA improved and is expected to be 2.5x or better by year-end 2014.
Nancy McKinstry, CEO and
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