Wolters Kluwer : Strong FY results and a 15% dividend rise and € 350m SBB reflect confidence for 2021
>FY20 results 5% ahead of consensus at EPS level - Wolters Kluwer reported organic revenue growth of 2% for FY20, which compares with consensus and our forecast of 1.4% and 1.0% respectively, and with 3% organic growth for the first nine months. Adjusted operating profit came in at € 1,124m (+5%), in line with consensus (€ 1,119m) and our forecast of € 1,117m. Adjusted EPS grew 7% yoy to € 3.13 (cons € 2.98, we at € 2.96, so a comfortable 5% ahead of consensus) while ...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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