Wolters Kluwer N.V. Non-GAAP EPS of €2.70, revenue of €3.05B; updates FY25 outlook

* Wolters Kluwer N.V. (OTCPK:WOLTF [https://seekingalpha.com/symbol/WOLTF]): 1H Non-GAAP EPS of €2.70.
* Revenue of €3.05B (+5.2% Y/Y).
* Adjusted free cash flow €505 million, up 13% in constant currencies.
* Net-debt-to-EBITDA of 2.1x; Return on invested capital (ROIC) of 18.5%.
* Interim dividend €0.93 per share, set at 40% of prior year total dividend.
* On track to complete 2025 share buyback of up to €1 billion.
* GUIDANCE FOR 2025 UPDATED.
*

Full-Year 2025 Outlook

Performance indicators
2025 Guidance
Previous Guidance
2024 Actual

Adjusted operating profit margin*
27.1%-27.5%
27.1%-27.5%
27.1%

Adjusted free cash flow**
€1,250-€1,300 million
€1,250-€1,300 million
€1,276 million

ROIC*
±18%
18%-19%
18.1%

Diluted adjusted EPS growth**
Mid- to high-single-digit growth
Mid-single-digit
11%

2025 OUTLOOK BY DIVISION

Our guidance for full-year 2025 organic revenue growth by division is as follows:

Health: we continue to expect FY 2025 organic growth to be in line with or slightly below prior year (FY 2024: 6%).

Tax & Accounting: we continue to expect FY 2025 organic growth to be in line with prior year (FY 2024: 7%).

Financial & Corporate Compliance: we expect FY 2025 organic growth to be below prior year (FY 2024: 5% pro forma2), due to weaker transactional revenues and suspension of the Corporate Transparency Act (CTA [https://seekingalpha.com/symbol/CTA]).

Legal Regulatory: we continue to expect FY 2025 organic growth to be in line with prior year (FY 2024: 5%).

Corporate Performance & ESG: we continue to expect FY 2025 organic growth to be above prior year (FY 2024: 6% pro forma2) reflecting higher growth for the CCH Tagetik CPM platform.

Progress against 2025-2027 strategic plan

MORE ON WOLTERS KLUWER N.V.

* Wolters Kluwer: Interesting Below 26x P/E [https://seekingalpha.com/article/4790425-wolters-kluwer-interesting-below-26x-pe]
* Wolters Kluwer to acquire Brightflag for €425M in all cash-deal [https://seekingalpha.com/news/4453268-wolters-kluwer-to-acquire-brightflag-for-425m-in-all-cash-deal]
* Wolters Kluwer N.V. reports Q1 results [https://seekingalpha.com/news/4444747-wolters-kluwer-n-v-reports-q1-results]
* Seeking Alpha’s Quant Rating on Wolters Kluwer N.V. [https://seekingalpha.com/symbol/WTKWY/ratings/quant-ratings]
* Historical earnings data for Wolters Kluwer N.V. [https://seekingalpha.com/symbol/WTKWY/earnings]