WOLTF - Wolters Kluwer Non-GAAP EPS of Euro2.17 revenue of Euro2.73B; reaffirms FY23 outlook
2023-08-02 02:23:52 ET
- Wolters Kluwer N.V. press release ( OTCPK:WTKWY ): 1H Non-GAAP EPS of €2.17.
- Revenue of €2.73B (+5.0% Y/Y).
- Adjusted operating profit €711 million, down 4% in constant currencies.
- Adjusted free cash flow €495 million, down 2% in constant currencies.
- Return on invested capital improved to 15.4%.
- On track to complete 2023 share buyback of up to €1 billion.
- Guidance for 2023 reiterated : Margin to improve for the full year. Adjusted operating profit margin of 26.1%-26.5%; Adjusted free cash flow of Around €1,200 million; ROIC of 16.5%-17.0%; Diluted adjusted EPS growth of High-single-digit.
- Capital expenditure is expected to be at the upper end of our normal guidance range of 5.0%-6.0% of total revenues (FY 2022: 5.4%). We expect the full-year 2023 cash conversion ratio to reduce to approximately 100% (FY 2022: 107%).
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Wolters Kluwer Non-GAAP EPS of €2.17, revenue of €2.73B; reaffirms FY23 outlook