Wolters Kluwer : On track, despite weaker dollar and cautious 2Q guidance
>Half-year results on 4 August - Wolters Kluwer is set to report its half-year results on 4 August. The company’s 1Q21 performance was ahead of expectations, although both the 4% organic revenue growth as well as the 290bps improvement in the adjusted operating margin were supported by favourable timing effects. In 2Q, Governance, Risk & Compliance faced a challenging comparable, with US payment protection programme revenues declining, but we expect underlying revenue...Wolters Kluwer operates through four divisions: Health is a global provider of information for medical and health professionals; Financial & Compliance Services is a U.S. provider risk management, compliance, finance, and audit professionals the services they need to optimize risk and business performance, and ensure compliance with local, regional, and global regulation; Tax & Accounting is a provider of tax, accounting, and audit information, and services; and Legal & Regulatory provides customers with expert content, software, and services in the areas of law, business, and regulatory compliance in Europe, North America and Asia Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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