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Wolters Kluwer N.V.: Wolters Kluwer First-Quarter 2021 Trading Update


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 revenue ....

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