Wolters Kluwer: 2014 Full-Year Results


Guidance met, organic growth improved, returning cash

2014 results in line with guidance set at the start of the year

– Adjusted operating margin 21.0%, within guidance range
– Adjusted EPS up +3% at constant currencies, in line with guidance
– Adjusted free cash flow €516 million, better than expected

Organic revenue growth improves to +2%

– Leading high growth positions sustain +7% organic growth
– Digital and services revenues grow +5% organically

In 2015, we

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