Wolters Kluwer NV
WKL,
on Wednesday said revenue for the first nine months of the year rose 6% organically, and backed its full-year guidance.
The Netherlands-based information, software and services company said recurring revenue–which represents 81% of the group total–rose 7% organically, driven by its expert solutions.
Nine-month adjusted operating profit increased 17% overall and 6% in constant currencies.
The share buyback for 2022 is around 76% completed to date and on track to reach 1 billion euros ($987.4 million) by year-end, it said.
The company backed its full-year guidance for 2022, including an adjusted operating profit margin of 26.0%-26.5%.
Write to Kyle Morris at [email protected]
