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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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Wolters Kluwer First-Quarter 2021 Trading Update


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 ....

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FTG Announces First Quarter 2021 Financial Results


FTG Announces First Quarter 2021 Financial Results
Firan Technology Group Corporation has announced financial results for the first quarter 2021.
FTG continues to manage through the COVID-19 pandemic by focusing on three key strategies:
FTG’s long-term market diversification strategy enables the Company to mitigate the dramatic downturn in the commercial aerospace market through its involvement in the defense market and other aerospace sectors
- FTG continues to carefully manage costs across the Company, balancing decisions on cost reductions with a goal to retain critical skills to ensure the Company is positioned for a faster recovery in the future
- FTG continues to carefully manage investments and has a stronger balance sheet than before the pandemic ....

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