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Wolters Kluwer (WTKWY) is a global leader in digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals. With offerings like the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution, Wolters Kluwer helps multinational companies manage U.S. tax filing obligations efficiently. The company serves customers in over 180 countries and reported 2022 annual revenues of €5.5 billion.
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Wolters Kluwer, a global leader in professional information, software solutions, and services, has released its 2023 nine-month trading update. Key highlights include a 4% increase in nine-month revenues in constant currencies, with recurring revenues up 7% organically. Digital and services revenues grew by 6% organically, while print revenues declined by 7%. The adjusted operating profit margin decreased by 150 basis points to 26.1%. The net-debt-to-EBITDA ratio is 1.6x as of September 30, 2023. The company remains on track to reach its €1 billion share buyback target for 2023.
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Wolters Kluwer Legal & Regulatory (LR) has acquired MFAS, a Dutch tax solutions provider. MFAS will become part of Wolters Kluwer LR Benelux. MFAS offers practical tax content and productivity tools used by thousands of tax specialists in the Netherlands. The acquisition will have an immaterial impact on Wolters Kluwer's earnings and is expected to achieve a return on invested capital (ROIC) above 8% within 3 to 5 years.
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Wolters Kluwer, a global leading provider of expert solutions, has repurchased 122,307 of its own ordinary shares for €14.6 million, at an average share price of €119.21. The previously disclosed third-party agreements to repurchase shares for €300 million has been fulfilled. Cumulative shares repurchased in 2023 are 7,176,367, with a total consideration of €803.5 million and an average share price of €111.96.
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Wolters Kluwer, a global leader in professional information, software solutions, and services, is celebrating its 50th year of listing on Euronext Amsterdam and Nancy McKinstry's 20th year as CEO and Chair of the Board. McKinstry has been instrumental in the company's digital transformation, and Wolters Kluwer has won multiple industry awards and is known for its inclusive company culture. Approximately 50% of the company's digital revenues come from AI-powered solutions.
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Wolters Kluwer ELM Solutions recognizes Chubb and Marsh & McLennan Companies for their innovative approach to legal spend management.
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Wolters Kluwer reports repurchasing 204,086 of its own shares for €24.5 million, as part of the share buyback program announced in February 2023. Total repurchases for 2023 stand at 7,054,060 shares for €788.9 million.
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Wolters Kluwer ELM Solutions is hosting the annual user conference ELM Amplify 2023 in Bonita Springs, Florida. The conference aims to explore innovative technologies transforming legal operations and empower clients to overcome challenges and chart a successful course for the future. The conference will feature keynote speeches, panel discussions, networking opportunities, training sessions, and the announcement of the Legal Innovator Awards winner.
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Wolters Kluwer Legal & Regulatory U.S. to address defined benefit plan takeovers at ASPPA Annual 2023
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Wolters Kluwer reports share buyback transaction details
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Wolters Kluwer Legal and Regulatory U.S. to present product showcase session at the 2023 ACC Annual Meeting
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FAQ
What is the current stock price of WOLTERS KLUWER S/ADR (WTKWY)?
The current stock price of WOLTERS KLUWER S/ADR (WTKWY) is $177.76 as of January 24, 2025.
What is the market cap of WOLTERS KLUWER S/ADR (WTKWY)?
The market cap of WOLTERS KLUWER S/ADR (WTKWY) is approximately 39.2B.
What does Wolters Kluwer do?
Wolters Kluwer provides digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals globally.
What are some of Wolters Kluwer's offerings?
Wolters Kluwer offers the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution for efficient tax compliance.
How many countries does Wolters Kluwer serve?
Wolters Kluwer serves customers in over 180 countries worldwide.
What were Wolters Kluwer's 2022 annual revenues?
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
Where is Wolters Kluwer headquartered?
Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands.
WOLTERS KLUWER S/ADR
OTC:WTKWY
WTKWY Rankings
WTKWY Stock Data
39.18B
236.17M
0.04%
Specialty Business Services
Industrials
United States of America
Alphen aan den Rijn