Edition:
India

Wolters Kluwer 9-Month Adjusted Operating Profit Down 1% In Constant Currencies


Friday, 1 Nov 2019 

Nov 1 (Reuters) - WOLTERS KLUWER NV ::FULL-YEAR 2019 GUIDANCE REITERATED.NINE-MONTH REVENUES UP 4% IN CONSTANT CURRENCIES AND UP 4% ORGANICALLY. * DIGITAL & SERVICES REVENUES UP 6% ORGANICALLY (90% OF TOTAL REVENUES).NET-DEBT-TO-EBITDA RATIO 1.7X AS OF SEPTEMBER 30, 2019.NINE-MONTH ADJUSTED FREE CASH FLOW UP 3% IN CONSTANT CURRENCIES.WE CONTINUE TO EXPECT AN INCREASE IN DILUTED ADJUSTED EPS IN CONSTANT CURRENCIES AND IN RETURN ON INVESTED CAPITAL.BUYBACK 2020: NOW INTEND TO BUY BACK UP TO EUR 50 MILLION IN SHARES IN JANUARY-FEBRUARY.FY 2019 GUIDANCE IS OVERALL UNCHANGED.WE NOW EXPECT FY 2019 ADJUSTED OPERATING PROFIT MARGIN TO BE AT TOP END OF OUR GUIDED MARGIN RANGE.OUTLOOK 2019: CAPITAL EXPENDITURE IS EXPECTED TO REMAIN IN RANGE OF 5%-6% OF TOTAL REVENUES.TODAY WE ARE ANNOUNCING OUR INTENTION TO EXPAND TOTAL INTENDED 2019 BUYBACK AMOUNT TO EUR 350 MILLION.NINE-MONTH ADJUSTED OPERATING PROFIT DOWN 1% IN CONSTANT CURRENCIES. 

Company Quote

68.5
-1.08 -1.55%
27 Jan 2020