Wolters Kluwer Confirms Guidance

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Beleggingsadvies 05/07/2010 08:06
Alphen aan den Rijn (July 5, 2010) - Wolters Kluwer reiterates its guidance for the full year 2010 and medium term, based on trading conditions through May 2010. Wolters Kluwer expects organic revenue growth to be flat for the first half-year 2010 and ordinary EBITA margin to be in line with the first half-year 2009, and expects solid free cash flow. This operating performance underpins the company's confidence in reaching its previously stated full-year 2010 guidance (see table below). The company made this announcement prior to its scheduled half-year 2010 results on July 28, 2010, in light of an inadvertent release of information.

Key Performance Indicator 2010 Guidance
Ordinary EBITA margin 20-21%
Free cash flow[1] ≥ €400 million
Return on invested capital ≥ 8%
Diluted ordinary EPS[1] €1.41 to €1.45
[1] In constant currencies (EUR/USD = 1.39)

Medium-Term Outlook
Wolters Kluwer also reiterates its medium-term outlook, as stated on February 24, 2010 (see table below), supported by the shift toward higher margin electronic solutions and the additional contribution from operational excellence initiatives including the Springboard program. The company expects to deliver steadily improving operating margin, ordinary EBITA, and diluted ordinary earnings per share in constant currencies. Free cash flow is expected to be equal to or greater than €400 million per annum in constant currencies, reflecting the resilient and growing subscription base. Return on invested capital will equal or exceed 8%.

Key Performance Indicators Medium-Term Outlook
Revenue growth/portfolio composition § Double-digit online & software growth
§ Online, software & services revenues ≥75% of total revenues
Ordinary EBITA § Continuous improvement
Diluted ordinary EPS[1] § Continuous improvement
Free cash flow[1] § ≥ €400 million per annum
Return on invested capital § ≥ 8%
[1] In constant currencies (EUR/USD = 1.39)

On July 28, 2010, Wolters Kluwer will release its first half-year 2010 results.

About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.



Wolters Kluwer had 2009 annual revenues of €3.4 billion, employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Visit www.wolterskluwer.com.



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