Welcome to our dedicated page for Wolters Kluwer N V news (Ticker: WTKWY), a resource for investors and traders seeking the latest updates and insights on Wolters Kluwer N V stock.
The WTKWY news page tracks company communications and market-relevant updates for Wolters Kluwer S/ADR, which represents American Depositary Receipts of Wolters Kluwer N.V. Wolters Kluwer describes itself as a global leader in professional information solutions, software, and services for sectors such as healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG.
News for Wolters Kluwer often centers on portfolio moves, technology developments, and capital allocation decisions. Recent press releases include the planned and completed acquisitions of Libra Technology GmbH, a Berlin-based provider of AI technology for legal professionals, and StandardFusion, a global provider of cloud-based governance, risk, and compliance solutions. These updates highlight the company’s focus on AI-enabled legal research, document analysis, and integrated audit and GRC platforms through solutions like Libra AI assistant and the TeamMate internal audit platform.
Investors and professionals following WTKWY can also expect announcements on divestments and corporate structure changes, such as the completion of the divestment of the Finance, Risk and Regulatory Reporting (FRR) unit to Regnology group, as well as capital structure actions including share buyback programs, share cancellations, and capital reductions. Trading updates provide insight into trends in recurring and cloud software revenues, divisional performance in Health, Tax & Accounting, Financial & Corporate Compliance, Legal & Regulatory, and Corporate Performance & ESG, and the geographic mix of revenues.
Governance-related news, such as nominations and appointments to the Supervisory Board, is another regular theme, reflecting the company’s oversight structure. Users interested in WTKWY can use this news feed to monitor how Wolters Kluwer is evolving its product portfolio, AI capabilities, and financial policies over time, based on information released directly by the company.
On November 10, 2021, Ken Crutchfield, VP & General Manager at Wolters Kluwer Legal & Regulatory U.S., participated in the dLaw Life Sciences Summit. The panel titled "Building and Enhancing Relationships Between 'Future Ready' Legal Departments and Law Firms" focused on best practices for legal professionals in the life sciences sector, emphasizing the importance of digital transformation accelerated by the COVID-19 pandemic. Crutchfield discussed leveraging digital tools for profitability alongside industry leaders. Wolters Kluwer reported annual revenues of €4.6 billion in 2020 and trades on OTC market as WTKWY.
On November 9, 2021, Wolters Kluwer Legal & Regulatory U.S. launched the Market Definitions Locator, an enhancement to its Kluwer Competition Law platform. This tool provides expert summaries of European Commission merger decisions, improving efficiency for competition professionals. Initially covering approximately 600 decisions from 2014 onward, the locator will expand with additional entries. This upgrade aims to streamline the merger control workflow by offering searchable insights on geographic and product markets.
Wolters Kluwer Tax & Accounting discusses the tax provisions of the Infrastructure Investment and Jobs Act, which has an estimated cost of
Wolters Kluwer Tax & Accounting emphasizes the importance of engaging tax professionals throughout the year, not just during tax season. The recent pandemic highlighted how taxpayers must consider various payments like the Recovery Rebate Credit and advance Child Tax Credit when filing returns. Ignoring these can lead to missed opportunities for tax savings. Tax professionals can help navigate changing laws, deadlines, and personal tax situations like home ownership and business operations, ensuring taxpayers are informed and compliant.
Wolters Kluwer Tax & Accounting has launched the CCH Axcess™ Workflow, integrating features from XCMworkflow® to enhance productivity for tax and accounting firms. This cloud-based platform enables firms to automate processes, improve accountability, and meet regulatory demands. The solution is designed for accessibility on various devices and integrates with existing CCH Axcess™ services. It includes a scheduler and project signoff capabilities for better workload management and real-time analytics to monitor performance.
Wolters Kluwer Compliance Solutions is hosting a webinar on November 10, 2021, at 1 PM CST, titled “Staying Compliant in Consumer Lending: Trends, Upcoming Changes, and Future Outlook.” Experts Eric Goldberg and Rick Vanko will discuss key insights into the consumer lending landscape, focusing on the Fair Debt Collection Practices Act and its implications for lenders. The session aims to equip financial institutions with essential strategies amidst the evolving regulatory environment.
Wolters Kluwer reported a strong performance for the first nine months of 2021, achieving 6% organic revenue growth. This growth is attributed to a rebound in non-recurring revenues, which rose 9% organically. Nine-month adjusted operating profit increased by 14% in constant currencies, while free cash flow surged 30%. The net debt-to-EBITDA ratio improved to 1.5x. The company is on track to complete a €350 million share buyback this year and has plans for an additional €50 million buyback in early 2022. The full-year outlook has been strengthened, anticipating a growth in diluted adjusted EPS in constant currencies.
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Wolters Kluwer’s Compliance Solutions is hosting the 25th annual CRA & Fair Lending Colloquium virtually on November 16-17, 2021. Keynote speakers include Kristen Clarke, Assistant Attorney General, and Patrice Ficklin, CFPB Fair Lending Director, discussing critical fair lending and CRA compliance issues. This event, featuring prominent regulators and experts, aims to provide attendees with insights into evolving regulatory challenges. The Colloquium has been a key forum for banking professionals, enhancing understanding of compliance responsibilities.
Wolters Kluwer Legal & Regulatory U.S. launched VitalLaw, an enhanced legal platform previously known as Cheetah. This upgrade expands their primary source content by over 40%, offering a new dashboard that tracks comprehensive federal and state laws across all 50 states. The platform aims to streamline legal workflows, providing timely updates and expert insights in 38 practice areas. VitalLaw also features a public site, VitalLaw.com, offering valuable legal information beyond the paywall. Wolters Kluwer reported annual revenues of €4.6 billion in 2020 and seeks to empower legal professionals with efficient, actionable tools.