Welcome to our dedicated page for Wolters Kluwer N V news (Ticker: WTKWY), a resource for investors and traders seeking the latest updates and insights on Wolters Kluwer N V stock.
Wolters Kluwer issues news about its global professional information, software, and services business, represented in the U.S. by the WTKWY sponsored Level 1 ADR. Updates commonly cover healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG solutions.
Recurring items include trading updates by business area, annual report and AGM materials, Supervisory Board and executive changes, dividend proposals, portfolio actions, and technology investments. Company announcements also track AI-enabled offerings and platforms such as FAB, Expert AI capabilities in CCH Axcess and UpToDate, legal technology products including Legisway and Kleos, and cloud automation tools such as CodaBox, ClearFacts, Kyte, and Flowin.
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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 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.
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Wolters Kluwer’s Compliance Solutions is hosting the 25th annual CRA & Fair Lending Colloquium virtually on November 16-17, 2021. Keynote speakers include Kristen Clarke, Assistant Attorney General, and Patrice Ficklin, CFPB Fair Lending Director, discussing critical fair lending and CRA compliance issues. This event, featuring prominent regulators and experts, aims to provide attendees with insights into evolving regulatory challenges. The Colloquium has been a key forum for banking professionals, enhancing understanding of compliance responsibilities.