CorporateInvestorsJuly 05, 2010

Wolters Kluwer confirms guidance

The operating performance underpins the company’s confidence in reaching its previously stated full-year 2010 guidance.

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 Indicators 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

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%

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 (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Contacts
Paul Lyon
Paul Lyon

Senior Director, External Communications: Global Branding & Communications

Wolters Kluwer
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations
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