Wolters Kluwer 2011 Full-Year Results Improved Operating Performance
(Thomson Reuters ONE) -
Please click this link for viewing the multimedia press release.
Alphen aan den Rijn (February 22, 2012) - Wolters Kluwer, a market-leading
global information services company focused on professionals, today released its
2011 full-year results which highlight portfolio resilience and steady
improvement in operating performance despite macro-economic uncertainty. The
company also announced its intention to execute a share buy-back program of up
to ?100 million in 2012.
NOTE: The information in this press release is based on continuing operations
and growth rates cited are at constant currencies, unless stated otherwise.
Highlights
* Revenues up 4% (1% organic) fueled by 8% growth in electronic and services
revenues.
* Electronic and services revenues now represent 71% of total revenues.
* Springboard run rate savings reach ?191 million in 2011.
* Ordinary EBITA up 4% (2% organic) supported by growth in electronic products
and Springboard savings, resulting in an ordinary EBITA margin of 21.7%
* Profit for the year including discontinued operations decreased to ?118
million largely due to an impairment charge of ?112 million.
* Diluted ordinary EPS up 3% to ?1.47.
* Solid ordinary free cash flow of ?443 million.
* Results in line with financial guidance.
Key Figures
(All amounts are in millions of euros unless otherwise indicated)
--------------------------------------------------------------------------------
Full Year 2011 2010 D D CC D OG
--------------------------------------------------------------------------------
Continuing operations:
Revenues 3,354 3,308 1% 4% 1%
Electronic and services revenue % of
total 71 68
--------------------------------------------------------------------------------
Ordinary EBITA 728 716 2% 4% 2%
Ordinary EBITA margin (%) 21.7% 21.6%
--------------------------------------------------------------------------------
Ordinary net income 444 436 2% 3%
Profit for the year 242 296 (18%) (17%)
Diluted ordinary EPS (?) 1.47 1.45 2% 3%
--------------------------------------------------------------------------------
Ordinary free cash flow 443 446 (1%) 1%
--------------------------------------------------------------------------------
Including discontinued operations:
Profit for the year 118 287 (59%) (59%)
Diluted EPS (?) 0.40 0.96 (58%) (59%)
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D - % Change; D CC - % Change constant currencies (EUR/USD 1.33); D OG - %
Organic growth
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Looking Forward
* Management expects continuous improvement in operating performance in 2012,
despite uncertain market conditions.
* Announced intention to execute a share buy-back of up to ?100 million in
2012.
* Proposed dividend increase to ?0.68 per share in line with progressive
dividend policy.
Nancy McKinstry, CEO and Chairman of the Executive Board, commented on the full-
year performance:
"I am encouraged by the progress that we have made in 2011. The company
delivered steady improvements in operating performance. The fundamentals of our
business are attractive, with strong global market positions, a high proportion
of recurring revenues, and a growing portfolio of online and software solutions.
Our strategy to drive growth through innovation and global expansion continues
to improve the quality of our business and strengthen our financial results. Our
strategic decisions in 2011 have positioned the company well for 2012 and our
confidence in the business enables us to propose a ?0.68 per share dividend."
The full press release on the 2011 Full-Year Results is available here: (PDF
version)
Wolters Kluwer 2011 Full-Year Results (PDF):
http://hugin.info/130682/R/1588070/498254.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
[HUG#1588070]
Unternehmensinformation / Kurzprofil:
Datum: 22.02.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 117109
Anzahl Zeichen: 5238
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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