WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer has integrated the BioDigital Human platform into its Ovid® medical research suite, enhancing educational experiences for medical faculty and students. This immersive tool offers a 3D virtual map of the human body, improving engagement and understanding of complex anatomy. With over 8,000 selectable structures and 600 simulated conditions, the platform supports various health education programs. The integration aims to facilitate blended learning, crucially adapting to needs accelerated by the pandemic. BioDigital's content, available in eight languages, enhances the accessibility of anatomy resources for educational institutions.

Wolters Kluwer Tax & Accounting announced a presentation on agile audit practices by Shawn O’Brien and Mark Williams at the 2022 IIA General Audit Management conference on March 14. The session, titled “Agile Insights for Audit Leaders,” will focus on the implementation of an agile audit framework, covering mindset changes, best practices, and addressing the perspectives of audit leaders. Wolters Kluwer, with 2021 revenues of €4.8 billion, offers advanced audit solutions like TeamMate+ Agile Audit. The company's shares trade on Euronext Amsterdam (WKL) and the OTC market in the U.S. (WTKWY).

Wolters Kluwer ELM Solutions highlights the accelerated adoption of contract lifecycle management (CLM) tools within corporate legal departments due to the COVID-19 pandemic. The latest episode of the Legal Leaders Exchange Podcast underscores the ongoing demand for CLM tools to enhance efficiency.

With tools like CLM Matrix leading the way, organizations are urged to adopt a robust change management strategy to maximize the benefits of technology in their contracting processes.

Wolters Kluwer Tax & Accounting has launched its cloud-based solution, CCH Axcess™ Validate, recognized by Accounting Today as a top new product in the Audit tools category for 2022. This blockchain-enabled tool simplifies and accelerates banking confirmations for auditors, reducing the time for the authorization process to under 5 minutes. It enables detailed transactional data retrieval directly from financial institutions, enhancing audit transparency and efficiency. Wolters Kluwer reported €4.8 billion in 2021 revenues, serving customers globally.

Wolters Kluwer has reported its full-year 2021 results, highlighting revenues of €4,771 million, reflecting a 6% organic growth. Adjusted operating profit rose to €1,205 million, up 11%, with a margin increase to 25.3%. Diluted adjusted EPS reached €3.38, marking a 17% increase. The company proposed a 15% increase in total dividend to €1.57 per share and completed share buybacks of €410 million, with plans for up to €600 million in 2022. The 2022 outlook anticipates good organic growth, although EPS growth may be dampened by a return to historical tax rates.

Wolters Kluwer Tax & Accounting highlights the importance of filing tax returns for low-income taxpayers, even if not required. Since 2018, refundable tax credits have been introduced, allowing taxpayers to claim refunds exceeding their tax liabilities. Key credits include the Earned Income Tax Credit, Child Tax Credit, and Recovery Rebate Credit, with many recently enhanced for 2021. The firm emphasizes that claiming these credits can lead to significant refunds. However, certain enhancements may have expired post-2021, impacting future claims.