Report
Konrad Zomer

Wolters Kluwer : Further margin expansion seen for 2024

>Meeting 2023 guidance provides bigger relief than usual - Wolters Kluwer is set to report its FY 2023 results on 21 February, and we expect the company to have met its guidance. This should be a bigger relief than usual, as it implies a Q4 year-on-year margin improvement of more than 400bps, compared with a 150bps decline for the first nine months. We still forecast a FY 2023 adjusted operating margin of 26.2% (we have had this forecast all year), which we see as the...
Underlying
Wolters Kluwer NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Konrad Zomer

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