Report
Michael Field
EUR 101.80 For Business Accounts Only

Narrow-Moat Wolters Kluwer Books a Solid Finish to 2017

Narrow-moat Wolters Kluwer delivered full-year results in line with our expectations, with organic revenue growth of 3%, in line with the previous two years, and operating margins up 60 basis points year over year on an adjusted basis. We do not expect to make any material changes to our forecasts, other than a minor adjustment for the time value of money, on the back of these results. We reiterate our EUR 41 fair value estimate and believe the shares are currently up with events.
On a divisiona...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

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