Wolters Kluwer Confirms Guidance
(Thomson Reuters ONE) -
Alphen aan den Rijn (July 5, 2010) - Wolters Kluwer reiterates its guidance for
the full year 2010 and medium term, based on trading conditions through May
2010. Wolters Kluwer expects organic revenue growth to be flat for the first
half-year 2010 and ordinary EBITA margin to be in line with the first half-year
2009, and expects solid free cash flow. This operating performance underpins the
company's confidence in reaching its previously stated full-year 2010 guidance
(see table below). The company made this announcement prior to its scheduled
half-year 2010 results on July 28, 2010, in light of an inadvertent release of
information.
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Key Performance Indicators 2010 Guidance
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Ordinary EBITA margin 20-21%
Free cash flow[1] ? ?400 million
Return on invested capital ? 8%
Diluted ordinary EPS[1] ?1.41 to ?1.45
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[1] In constant currencies (EUR/USD = 1.39)
Medium-Term Outlook
Wolters Kluwer also reiterates its medium-term outlook, as stated on February
24, 2010 (see table below), supported by the shift toward higher margin
electronic solutions and the additional contribution from operational excellence
initiatives including the Springboard program. The company expects to deliver
steadily improving operating margin, ordinary EBITA, and diluted ordinary
earnings per share in constant currencies. Free cash flow is expected to be
equal to or greater than ?400 million per annum in constant currencies,
reflecting the resilient and growing subscription base. Return on invested
capital will equal or exceed 8%.
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Key Performance Indicators Medium-Term Outlook
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Revenue growth/portfolio composition § Double-digit online & software growth
§ Online, software & services revenues
?75% of total revenues
Ordinary EBITA § Continuous improvement
Diluted ordinary EPS[1] § Continuous improvement
Free cash flow[1] § ? ?400 million per annum
Return on invested capital § ? 8%
--------------------------------------------------------------------------------
[1] In constant currencies (EUR/USD = 1.39)
On July 28, 2010, Wolters Kluwer will release its first half-year 2010 results.
About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company.
Professionals in the areas of legal, business, tax, accounting, finance, audit,
risk, compliance, and healthcare rely on Wolters Kluwer's leading
information-enabled tools and software solutions to manage their business
efficiently, deliver results to their clients, and succeed in an ever more
dynamic world.
Wolters Kluwer had 2009 annual revenues of ?3.4 billion, employs approximately
19,300 people worldwide, and maintains operations in over 40 countries across
Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is
headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on
Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Visit www.wolterskluwer.com.
Media Investors/Analysts
Caroline Wouters Jon Teppo
Vice President, Corporate Communications Vice President, Investor Relations
t + 31 (0)172 641 459 t + 31 (0)172 641 407
press(at)wolterskluwer.com ir(at)wolterskluwer.com
Forward-looking Statements
This press release contains forward-looking statements. These statements may be
identified by words such as "expect", "should", "could", "shall", and similar
expressions. Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from these
forward-looking statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological developments;
the implementation and execution of new ICT systems or outsourcing; and legal,
tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition, financial
risks such as currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
[HUG#1429480]
PDF version of Press Release: http://hugin.info/130682/R/1429480/376516.pdf
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(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.
All reproduction for further distribution is prohibited.
Source: Wolters Kluwer NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 23436
Anzahl Zeichen: 0
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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