Wolters Kluwer 2023 Full-Year Results Page 1 of 34
Wolters Kluwer 2023 Full-Year Report
Alphen aan den Rijn, February 21, 2024 – Wolters Kluwer, a global leader in professional information,
software solutions and services, today releases its full-year 2023 results.
Highlights
? Revenues €5,584 million, up 5% in constant currencies and up 6% organically.
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Recurring revenues (82% of total revenues) up 7% organically.
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Digital & services revenues (94% of total revenues) grew 6% organically.
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Expert solutions (58% of total revenues) grew 8% organically.
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Cloud software (16% of total revenues) grew 15% organically.
? Adjusted operating profit €1,476 million, up 6% in constant currencies.
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Adjusted operating profit margin up 30 basis points to 26.4%.
? Diluted adjusted EPS €4.55, up 10% overall and up 12% in constant currencies.
? Adjusted free cash flow €1,164 million, down 2% in constant currencies.
? Net-debt-to-EBITDA of 1.5x; return on invested capital (ROIC) improved to 16.8%.
? Proposed 2023 total dividend €2.08 per share, an increase of 15%.
? Share buybacks:
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Completed 2023 share buyback of €1 billion.
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Announcing 2024 share buyback of up to €1 billion, of which €100 million is completed.
? Outlook 2024: expect good organic growth and further improvement in adjusted operating profit margin, with the increase in diluted adjusted EPS to be dampened by higher financing cost and tax.

Full-Year Report of the Executive Board
Nancy McKinstry, CEO and Chair of the Executive Board, commented: “We achieved 6% organic growth and a year-on-year increase in adjusted operating margin, despite macroeconomic and geopolitical headwinds.
Strong momentum in recurring revenues compensated for challenges in some of our non-recurring revenue streams. We met our financial and sustainability goals, while increasing investment in product innovation,
including in generative AI, to support future growth. We look forward to delivering another year of good organic growth and margin improvement in 2024.”
Key Figures – Year ended December 31

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Financial Calendar
March 6, 2024 Publication of 2023 Annual Report
May 1, 2024 First-Quarter 2024 Trading Update
May 8, 2024 Annual General Meeting of Shareholders
May 10, 2024 Ex-dividend date: 2023 final dividend
May 13, 2024 Record date: 2023 final dividend
June 4, 2024 Payment date: 2023 final dividend ordinary shares
June 11, 2024 Payment date: 2023 final dividend ADRs
July 31, 2024 Half-Year 2024 Results
August 27, 2024 Ex-dividend date: 2024 interim dividend
August 28, 2024 Record date: 2024 interim dividend
September 19, 2024 Payment date: 2024 interim dividend
September 26, 2024 Payment date: 2024 interim dividend ADRs
October 30, 2024 Nine-Month 2024 Trading Update
February 26, 2025 Full-Year 2024 Results
March 12, 2025 Publication of 2024 Annual Report