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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 Compliance Solutions has integrated its ClosingCenter with ICE Mortgage Technology to enhance the digital lending process. This integration allows seamless transfer of loan information, creating a compliant and secure digital workflow from origination to market delivery. The ClosingCenter offers a complete digital solution including eSignature, eNote generation, and integration with the MERS eRegistry, aimed at improving capital velocity in mortgage transactions. This move reflects a response to the growing demand for fully digital mortgage transactions.
Wolters Kluwer has nominated Heleen Kersten for appointment to its Supervisory Board, with the nomination set for review at the upcoming Annual General Meeting on April 21, 2022. Kersten, a partner at Stibbe with expertise in mergers and acquisitions and corporate governance, brings extensive experience to the role. Chairman Frans Cremers praised her nomination as a reinforcement of the company's commitment to diversity at the senior management level. Wolters Kluwer reported 2020 revenues of €4.6 billion, serving clients in over 180 countries.
Wolters Kluwer's 2021 Half-Year Report highlights revenues of €2,280 million, reflecting a 6% increase in constant currencies and 5% organically. Recurring revenues are up 5% organically. Adjusted operating profit saw a 14% rise to €613 million, with a margin of 26.9%. Diluted adjusted EPS increased 4% overall to €1.66. The interim dividend is set at €0.54 per share. Strong cash flow and a net debt of €2,417 million contribute to improved liquidity. The company expects full-year organic growth to enhance across all divisions while managing operational costs.
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