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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 released its first-quarter 2021 trading update on May 5, highlighting a positive start to the year. Revenues increased 4% in constant currencies, driven by organic growth across all divisions. Recurring revenues grew 3% organically, while adjusted free cash flow surged 115%. The adjusted operating profit margin rose by 290 basis points. Financially, net debt-to-EBITDA stood at 1.5x. The company reiterated its full-year guidance, expecting gradual recovery from pandemic impacts.
Wolters Kluwer held its Annual General Meeting on April 22, 2021, where all proposed resolutions were adopted. Key highlights include the reappointment of Supervisory Board members Frans Cremers and Ann Ziegler, along with Kevin Entricken to the Executive Board. Shareholders approved the 2020 financial statements and a total dividend of €1.36 per share, with final dividends of €0.89. A new remuneration policy for the Executive Board received significant support with 97.14% in favor. The meeting saw 79.08% of shareholders voting, reflecting strong engagement.
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