Hoogte punten;
.Benchmark ordinary net income -12% in constant currencies in line
with outlook
· Total revenues €3,352 million; ordinary EBITA €601 million
· Ordinary EBITA margin of 18%
· New strategy to invest in growth around leading market positions, restructure the cost base, and reorganize to improve operational and customer focus is firmly in place
· Cost reductions €79 million; approximately one third structural, including 500 FTE reduction
· Strong revenue growth in Canada, Italy, Central Europe, Scandinavia and Spain, as well as within Teleroute, Tax Compliance and Professional & Education units
· Net debt reduced by 29% from €2.7 billion to €1.9 billion
· Bond buy-back of €1.125 billion and new bond issue of €700 million successfully completed
· Ordinary EPS of €1.16
· Dividend maintained at €0.55 for 2003

Nancy McKinstry, Chairman of the Executive Board, commented: “2003 was a year of transition for Wolters Kluwer, during which we began a significant cost reduction program and realignment of the organization for profitable growth. The new strategy announced in October is well underway and proceeding on schedule. Performance for the year was in line with our previous outlook, and we are encouraged by the improvement seen in fourth quarter performance, especially in North America.”

2004 Calendar
2003 Full Year Results
March 8, 2004
Publication of Annual Report
April 6, 2004
Annual Meeting of Shareholders
April 21, 2004
Investor/Analyst Day (CFS Division)
April 27, 2004
Q1 2004 Results
May 13, 2004
2004 Half Year Results
August 10, 2004
Q3 2004 Results
November 17, 2004