Wolters Kluwer First-Quarter 2019 Trading Update
WOLTERS KLUWER S/ADR (WTKWY)
NASDAQ:AMEX Investor Relations:
wolterskluwer.com/investors
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Source: GlobeNewswire
Wolters Kluwer First-Quarter 2019 Trading Update May 8, 2019 – Wolters Kluwer, a global leader in professional information, software solutions, and services, today released its scheduled first-quarter 2019 trading update. Highlights Full-year 2019 guidance reiterated.First-quarter revenues up 4% in constant currencies and up 4% organically. Digital & services revenues up 5% organically.Recurring revenues up 5% organically. First-quarter adjusted operating profit margin improved.First-quarter adjusted free cash flow declined in constant currencies, as expected.Net-debt-to-EBITDA ratio 1.7x as of March 31, 2019.Progress on 2019 share buyback: €40 million completed in the year to date. Signed third-party mandate committing us to a further €75 million in repurchases by July 29, 2019. Established €1 billion Euro Commercial Paper program.Divested stake in Austrian unit and acquired CLM Matrix in the U.S. Nancy McKinstry, CEO and Chairman of the Ex
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