WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer (Euronext: WKL) has reported the repurchase of 108,781 of its own ordinary shares from August 15 to August 21, 2024, for €16.5 million at an average share price of €151.59. This is part of a larger €1 billion share buyback program for 2024, announced on February 21, 2024.

The cumulative repurchases for 2024 to date total 4,514,253 shares for €657.6 million at an average price of €145.66. From May 2 to December 27, 2024, third parties will execute approximately €647 million of buybacks on behalf of Wolters Kluwer. Repurchased shares will be held as treasury shares and used for capital reduction through share cancelation.

Wolters Kluwer (Euronext: WKL) has reported the repurchase of 132,954 of its own ordinary shares from August 8 to August 14, 2024, for a total of €19.9 million at an average share price of €149.42. This is part of a larger €1 billion share buyback program announced on February 21, 2024, for the year 2024.

The cumulative repurchases for 2024 to date amount to 4,405,472 shares for a total consideration of €641.1 million at an average share price of €145.52. From May 2 to December 27, 2024, third parties have been engaged to execute approximately €647 million of buybacks on behalf of the company.

Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation. Detailed transaction information and weekly progress reports are available on the company's website.

Wolters Kluwer (Euronext: WKL) has reported details of its ongoing share buyback program for the period of August 1-7, 2024. The company repurchased 122,009 of its own ordinary shares for €18.2 million at an average share price of €149.40. This is part of a larger €1 billion share buyback program announced on February 21, 2024, for the year 2024.

Key figures for the 2024 program to date:

• Cumulative shares repurchased: 4,272,518
• Total consideration: €621.2 million
• Average share price: €145.39

Wolters Kluwer has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. Repurchased shares will be held as treasury shares and used for capital reduction through share cancelation.

Wolters Kluwer's 2024 Half-Year Report shows a strong financial performance with revenues of €2,891 million, growing 6% in constant currencies and organically. Recurring revenues, making up 82% of total revenues, grew 7% organically, while cloud software revenues rose 16%. Adjusted operating profit increased by 8% to €765 million, raising the profit margin to 26.5%. However, adjusted free cash flow decreased by 10% to €445 million. The net-debt-to-EBITDA ratio stands at 1.6x, with a return on invested capital (ROIC) of 17.5%.

An interim dividend of €0.83 per share was declared. The company is on track to complete a €1 billion share buyback in 2024. Strategic investments include the planned €325 million acquisition of European software solutions by Wolters Kluwer Tax & Accounting. The company also made significant advancements in integrating generative AI into its solutions and supporting new regulatory requirements. The full-year guidance remains unchanged, expecting sustained organic growth and an increase in adjusted operating profit margin.

Wolters Kluwer (Euronext: WKL) has reported the repurchase of 91,279 of its own ordinary shares from July 25 to July 29, 2024, for a total of €14.1 million at an average share price of €155.00. This is part of a larger €1 billion share buyback program announced on February 21, 2024, for the year 2024.

Key points:

• Cumulative shares repurchased in 2024 to date: 4,150,509
• Total consideration: €603.0 million
• Average share price: €145.28

The company has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation.

Wolters Kluwer Tax & Accounting has signed an agreement to acquire Isabel Group's accountancy portfolio of cloud-based financial workflow and data exchange solutions for €325 million in cash. The acquisition includes CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin, which serve over 8,000 accounting professionals and 380,000 SMEs and corporate clients across Europe. These solutions facilitate seamless transfer of financial data and address e-invoicing compliance needs.

The portfolio complements Wolters Kluwer's existing European tax and accounting solutions, enabling end-to-end coverage of accountants' workflow. In 2023, the acquired solutions' gross revenues grew 23% to €34 million, with 90% being recurring. The acquisition is expected to reach Wolters Kluwer's cost of capital in its fifth full year of ownership and have an immaterial near-term impact on adjusted earnings. The transaction is subject to regulatory approvals and is expected to complete in the second half of 2024.

Wolters Kluwer has been recognized by Forbes as one of America's Best Employers for Women 2024. This accolade, based on a survey of over 150,000 women across various industries, highlights the company's commitment to gender diversity and inclusive workplace practices. Wolters Kluwer ranks #3 in the Professional Services sector and #114 overall among the top 600 companies identified.

Key achievements include:

• 50% of Executive and Supervisory Boards consist of women
• 32% of executives and 41% of all managers are women
• Previously named one of the most trustworthy companies by Newsweek
• Ranked #1 in the Netherlands for gender diversity by Equileap

The survey assessed companies on workplace conditions, diversity, pay equity, and support for family and parental leave.

Wolters Kluwer (Euronext: WKL) has reported the repurchase of 123,639 of its own ordinary shares from July 18 to July 24, 2024, for €18.8 million at an average share price of €152.40. This is part of a larger €1 billion share buyback program for 2024, announced on February 21, 2024.

The cumulative repurchases for 2024 to date total 4,059,230 shares for €588.8 million at an average price of €145.06. From May 2 to December 27, 2024, third parties will execute approximately €647 million of buybacks on behalf of Wolters Kluwer. Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation.

Wolters Kluwer (Euronext: WKL) has reported the repurchase of 119,272 of its own ordinary shares from July 11 to July 17, 2024, for €18.3 million at an average share price of €153.10. This is part of a larger €1 billion share buyback program for 2024, announced on February 21, 2024.

The cumulative repurchases for 2024 to date total 3,935,591 shares for €570.0 million at an average price of €144.83. From May 2 to December 27, 2024, third parties will execute approximately €647 million of buybacks on behalf of Wolters Kluwer. Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation.