WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

On November 10, 2021, Ken Crutchfield, VP & General Manager at Wolters Kluwer Legal & Regulatory U.S., participated in the dLaw Life Sciences Summit. The panel titled "Building and Enhancing Relationships Between 'Future Ready' Legal Departments and Law Firms" focused on best practices for legal professionals in the life sciences sector, emphasizing the importance of digital transformation accelerated by the COVID-19 pandemic. Crutchfield discussed leveraging digital tools for profitability alongside industry leaders. Wolters Kluwer reported annual revenues of €4.6 billion in 2020 and trades on OTC market as WTKWY.

On November 9, 2021, Wolters Kluwer Legal & Regulatory U.S. launched the Market Definitions Locator, an enhancement to its Kluwer Competition Law platform. This tool provides expert summaries of European Commission merger decisions, improving efficiency for competition professionals. Initially covering approximately 600 decisions from 2014 onward, the locator will expand with additional entries. This upgrade aims to streamline the merger control workflow by offering searchable insights on geographic and product markets.

Wolters Kluwer Tax & Accounting discusses the tax provisions of the Infrastructure Investment and Jobs Act, which has an estimated cost of $1.2 trillion. Passed by the US Senate in August and the House of Representatives on November 5, 2021, the act includes expanded cryptocurrency reporting requirements and the elimination of the Employee Retention Credit for wages post-September 30, 2021. Notably, it also extends some excise taxes and disaster relief deadlines, adding complexity to tax compliance.

Wolters Kluwer Tax & Accounting emphasizes the importance of engaging tax professionals throughout the year, not just during tax season. The recent pandemic highlighted how taxpayers must consider various payments like the Recovery Rebate Credit and advance Child Tax Credit when filing returns. Ignoring these can lead to missed opportunities for tax savings. Tax professionals can help navigate changing laws, deadlines, and personal tax situations like home ownership and business operations, ensuring taxpayers are informed and compliant.

Wolters Kluwer Tax & Accounting has launched the CCH Axcess™ Workflow, integrating features from XCMworkflow® to enhance productivity for tax and accounting firms. This cloud-based platform enables firms to automate processes, improve accountability, and meet regulatory demands. The solution is designed for accessibility on various devices and integrates with existing CCH Axcess™ services. It includes a scheduler and project signoff capabilities for better workload management and real-time analytics to monitor performance.

Wolters Kluwer Health announces that Stacey Caywood, CEO, will moderate a panel titled 'Vision for the Long Haul' at the Women|Future Conference on November 5. The discussion focuses on how women executives sustain vision throughout their careers, covering topics like core values and collaboration. Panelists include Katrina Novakovic from Red Hat and Lisa Utzschneider from Integral Ad Science. The virtual event runs from 2:00 PM to 3:15 PM EST, promoting discussions essential for personal career growth and organizational success.

Wolters Kluwer Compliance Solutions is hosting a webinar on November 10, 2021, at 1 PM CST, titled “Staying Compliant in Consumer Lending: Trends, Upcoming Changes, and Future Outlook.” Experts Eric Goldberg and Rick Vanko will discuss key insights into the consumer lending landscape, focusing on the Fair Debt Collection Practices Act and its implications for lenders. The session aims to equip financial institutions with essential strategies amidst the evolving regulatory environment.

Wolters Kluwer reported a strong performance for the first nine months of 2021, achieving 6% organic revenue growth. This growth is attributed to a rebound in non-recurring revenues, which rose 9% organically. Nine-month adjusted operating profit increased by 14% in constant currencies, while free cash flow surged 30%. The net debt-to-EBITDA ratio improved to 1.5x. The company is on track to complete a €350 million share buyback this year and has plans for an additional €50 million buyback in early 2022. The full-year outlook has been strengthened, anticipating a growth in diluted adjusted EPS in constant currencies.