Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer announces that its CCH® Tagetik expert solution has maintained its position as a leader in the BARC Score Financial Performance Management (FPM) Report for six consecutive years, both globally and in the DACH region (Germany, Austria, Switzerland). The BARC Score evaluates FPM solution providers based on customer feedback and various performance metrics. Analysts noted high customer satisfaction with CCH Tagetik, particularly in areas such as price-to-value and ease of use. The report emphasizes the solution's capabilities for financial consolidation, planning, and regulatory compliance, making it suitable for mid-sized and large companies.

Wolters Kluwer has received a rating upgrade from Moody's Investors Service, increasing its senior unsecured ratings to A3 from Baa1.

The upgrade reflects the company's strong operating performance, credit metrics, and improved business profile, demonstrating resilience to economic cycles.

In 2022, Wolters Kluwer reported 6.2% organic revenue growth, improving from 5.7% in 2021. The outlook remains stable, with expectations of solid operating performance and continued positive revenue growth.

The 2022 annual revenue was reported at €5.5 billion.

Wolters Kluwer CT Corporation has released the 2023 edition of its guide, “Delaware’s Business Entity Laws,” detailing key updates to Delaware's corporation laws and annual taxes. This reference is crucial for corporations and LLCs considering Delaware for formation due to its favorable legal framework. The guide highlights recent changes in the General Corporation Law and the Limited Liability Company Act. Additionally, CT Corporation offers a “2023 Delaware Update” webinar for legal professionals, hosted by experts Alan Stachura and Dan Lias. With nearly 130 years in service, CT Corporation is trusted by over 75% of Fortune 500 companies for compliance needs.

Wolters Kluwer Compliance Solutions emphasizes the importance of risk management in commercial lending, highlighting the role of automation tools to improve transparency in loan portfolios. According to Vice President Suzanne Konstance, identifying unperfected liens is crucial to mitigate potential risks. Utilizing AI and automation can enhance data accessibility, enabling lenders to make informed decisions and strengthen their risk management strategies. The company reported €5.5 billion in 2022 revenues, demonstrating its significant market presence.

Wolters Kluwer has successfully priced a new €700 million 8-year senior unsecured Eurobond, with an issue price of 99.417% and an annual coupon of 3.750%. The settlement date is set for April 3, 2023, and the bonds are expected to be rated BBB+ by S&P, maturing on April 3, 2031. The net proceeds will be allocated for general corporate purposes. Joint bookrunners include major banks such as Bank of America and Citigroup. The company reported annual revenues of €5.5 billion in 2022 and operates globally in over 40 countries, employing approximately 20,000 people. The bonds will be listed on the Luxembourg Stock Exchange.

Wolters Kluwer has partnered with the Cairo Regional Centre for International Commercial Arbitration (CRCICA) to enhance Kluwer Arbitration's offerings. This collaboration will provide users with exclusive access to a collection of selected arbitration awards and decisions from CRCICA, after anonymizing personal data. This initiative includes case notes from the Institute for Transnational Arbitration (ITA) for added context. Currently, the platform hosts nearly 100 CRCICA awards, making it the most comprehensive collection available. Wolters Kluwer aims to support legal professionals with critical international arbitration resources.

Wolters Kluwer reports that despite a slowdown in adopting digital technologies due to rising interest rates and a decelerating mortgage market, lenders are actively seeking mortgage closing platforms to enhance efficiency and reduce costs.

According to Kevin Wilzbach, director at Wolters Kluwer Compliance Solutions, digital solutions like eNotes and eClosings are vital for improving customer experience and mitigating risks. A recent survey indicated that 60% of lenders struggle to find suitable digital solutions, with only 15% citing budget constraints. In 2022, Wolters Kluwer generated €5.5 billion in revenue, demonstrating its strong position in the compliance sector.