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Wolters Kluwer: full-year outlook unchanged; shares down.

(CercleFinance.com) - On Wednesday Dutch professional information services company Wolters Kluwer maintained its FY 2017 guidance after seeing its 9m revenues grow 3% organically.


The publisher said nine-month revenues increased 5% overall, mainly thanks to digital businesses, while 9m adjusted operating profit increased by 10% at constant currencies.

In particular, its health unit reported organic growth of 6%, as clinical solutions performed well, with 10% organic growth.

The Amsterdam-based group said that its full-year 2017 outlook remains unchanged, with it still expecting to deliver solid organic growth and further improvement in its margin, while reporting mid-single-digit growth in its diluted adjusted EPS at constant currencies.

The group - which has already bought back 250 million euros worth of its shares so far in 2017 - said that it was on track to repurchase a total of 300 million euros this year.

Wolters Kluwer shares are currently down 0.7% at 41.7 euros after the trading update, underperforming the STOXX Europe 600 Optimised Media index, which is currently down 0.2%.



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