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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 Legal & Regulatory U.S. has appointed Rich Hollister as Vice President of Sales and Business Development, effective immediately. Hollister, with decades of experience in the legal industry, aims to enhance the company's sales and customer success efforts, driving revenue growth and customer value. Reporting to Dean Sonderegger, he has a proven track record of scaling sales organizations to over $100 million. The company reported annual revenues of €4.6 billion in 2020, servicing clients globally and is listed on Euronext Amsterdam and OTC market as WTKWY.
Wolters Kluwer has released its 2020 Annual Report and Environmental, Social, and Governance Data Overview. The financial statements will be proposed for adoption at the Annual General Meeting of Shareholders (AGM) on April 22, 2021. The agenda includes a proposal for a total dividend of €1.36 per share, with a final dividend of €0.89. Additionally, reappointments for board members and a remuneration policy amendment will be discussed. The report indicates revenues of €4.6 billion for 2020.
Wolters Kluwer reported its 2020 full-year results, featuring revenues of €4,603 million, a 1% increase in constant currencies. Adjusted operating profit rose to €1,124 million, with a margin improving to 24.4%. Recurring revenues grew by 4% organically, while non-recurring revenues fell by 8%. Diluted adjusted EPS reached €3.13, up 7%. The company proposed a total dividend of €1.36 per share, reflecting a 15% increase. For 2021, it anticipates mid-single-digit growth in adjusted diluted EPS but acknowledges potential challenges from lower PPP1 revenues and the ongoing impacts of COVID-19.
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