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Investing.com -- Wolters Kluwer (AS:WLSNc), a global provider of professional information, software solutions, and services, has reported an organic revenue growth of 5%. This growth rate aligns with previous projections.
The company has seen a slight variation across its divisions, with some sectors performing slightly better than others. However, the instances of better-than-expected performance outnumbered those that fell short.
The company’s Health, Legal, and CP&E divisions have exceeded projections, while the Tax and FCC (BME:FCC) divisions have underperformed slightly. Despite these minor variations, the overall growth rate remained steady at 5%.
In terms of profitability, Wolters Kluwer has seen a significant improvement in its margins in the first quarter of the year. The company’s constant foreign exchange (FX) adjusted operating profit grew by 11%, compared to a constant FX revenue growth of 6%. This indicates a margin improvement of over 100 basis points, which was in line with expectations.
Looking forward, Wolters Kluwer has reiterated its full-year guidance, with the exception of a forecasted increase in interest after the issuance of a bond. This is expected to have an approximate 0.6% impact on the company’s earnings per share (EPS).
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