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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.
Wolters Kluwer (WTKWY) has nominated Anjana Harve for appointment to its Supervisory Board. The proposal will be submitted at an Extraordinary General Meeting of Shareholders on October 28, 2024. Ms. Harve, currently the Executive Vice President and Chief Information Officer at BJ's Wholesale Club, brings extensive IT expertise and leadership experience to the role. She has previously held Global CIO positions at Fresenius Medical Care and Hillrom, as well as a senior role at Novartis.
Ann Ziegler, Chair of the Supervisory Board, expressed excitement about the nomination, highlighting Ms. Harve's experience in overseeing complex IT projects globally, particularly in the Healthcare sector. Ms. Harve holds an MBA from The Wharton School and a BS in Computer Science Engineering from Bangalore University, India.
Wolters Kluwer (Euronext: WKL) has reported the repurchase of 141,242 of its own ordinary shares from September 5 to September 11, 2024. The total cost was €21.5 million at an average share price of €151.95. 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 amount to 4,896,010 shares for a total of €715.7 million at an average price of €146.18. 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 Tax & Accounting (TAA) has completed the acquisition of Isabel Group's European accountancy portfolio for €325 million in cash. The acquisition includes cloud-based financial workflow and data exchange solutions: CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin. These solutions facilitate seamless transfer of financial data, optimizing accountant-client collaboration and addressing e-invoicing compliance needs across Europe.
The acquired portfolio serves over 8,000 accounting professionals and 380,000 SMEs and corporate clients. This strategic move allows Wolters Kluwer to provide end-to-end coverage of the accounting workflow in the Belgium market, from pre-accounting to post-accounting, including e-invoicing. Marie Costers, former VP of Business Solutions at Isabel Group, will join Wolters Kluwer's TAA European executive team to lead the acquired solutions.
Wolters Kluwer (Euronext: WKL) has reported the latest details of its share buyback program for the period of August 29 to September 4, 2024. The company repurchased 121,681 ordinary shares for €18.8 million at an average price of €154.12 per share. This is part of a larger €1 billion share buyback program announced on February 21, 2024, for the year 2024.
The cumulative amount repurchased year-to-date under this program stands at 4,754,768 shares for a total consideration of €694.2 million at an average share price of €146.01. From May 2 to December 27, 2024, third parties have been engaged to execute approximately €647 million of buybacks on behalf of Wolters Kluwer. The repurchased shares will be held as treasury shares and used for capital reduction through share cancellation.
Wolters Kluwer (Euronext: WKL) has reported the details of its recent share buyback transactions from August 22 to August 28, 2024. The company repurchased 118,834 of its own ordinary shares for €17.9 million at an average share price of €150.93.
This is part of a larger €1 billion share buyback program announced on February 21, 2024, for the year 2024. To date, the company has repurchased 4,633,087 shares for a total of €675.5 million at an average price of €145.80.
Wolters Kluwer has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. The 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 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.
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