Wolters Kluwer N.V.: Wolters Kluwer First-Quarter 2021 Trading Update professional information, software solutions . 4 Digital & services revenues (92%) grew 4% organically. Expert solutions (55%) grew 6% organically. First-quarter adjusted operating costs up 115% . . commented: the well-being of our employees and 2021 Developments First quarter revenues declined 2% in reporting currency, due to the depreciation of the U.S. dollar compared to a year ago. Excluding the impact of currency movements, first quarter revenues increased 4%. The impact of 2020 acquisitions on revenues and adjusted operating profit was nearly offset by the impact of last year's divestments. Organic growth was 4%, slightly better than expected across all four divisions. Recurring revenues (81% of revenues), which include subscriptions and other repeating revenue streams, grew 3% organically (1Q 2020: 5%). Non-recurring revenues (19% of revenues) increased 7% organically (1Q 2020: decline of 2%), buoyed by a 24% organic increase in printed books (timing of orders) and a 24% organic increase in Financial Services transactional revenues (reflecting volumes related to the 2021 U.S. Paycheck Protection Program