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Place de cotation: AMSTERDAM
STOCK EXCHANGE
Wolters Kluwer is a leading
global information services and publishing company. The company provides
products and services for professionals in the health, tax, accounting,
corporate, financial services, legal and regulatory, and education sectors.
Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs
approximately 18,400 people worldwide and maintains operations across Europe,
North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam,
the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL)
and are included in the AEX and Euronext 100 indices.
Wolters
Kluwer Third-Quarter 2006 Results (08/11/06 08:15
CET) 
Wolters
Kluwer Third-Quarter 2006 Results Strong Results
Support
Foundation for Accelerating Profitable Growth
Amsterdam
(November 8, 2006) - Wolters Kluwer, a leading global information services
company and publisher, today released its third-quarter 2006 results showing
ordinary diluted earnings per share increase of 23%. Revenues grew 7% resulting
from increased organic revenue growth of 4%, with particularly strong performance
from Corporate & Financial Services and Tax, Accounting & Legal.
The transformation and strengthening of the Company over the past three
years has established a foundation for accelerating profitable growth.
The Company reiterates meeting its goals for 2006. Highlights include:
Third-quarter 2006: ?? Revenues of €920 million, a 7% increase over
third quarter of 2005 (€862 million) ?? Organic revenue growth of
4% (2005: 2%) ?? Ordinary EBITA of €183 million, an increase of 27%
over third quarter of 2005 (€143 million), ordinary EBITA margin of
20% (2005: 17%) ?? Product development spending of €72 million (an
increase of 7% over same period 2005) ?? Structural cost savings of €33
million (an increase of 32% over same period 2005) ?? Strong free cash
flow of €160 million (2005: €120 million) ?? Ordinary diluted
EPS increased 23% to €0.37 (increase of 31% at constant currencies)
Nine months ended September 30, 2006: ?? Revenues of €2,690 million,
a 10% increase over first nine months of 2005 (€2,442 million) ??
Organic revenue growth of 2%, in line with full-year outlook ?? Ordinary1
EBITA of €445 million, an increase of 15% over first nine months of
2005 (€385 million), ordinary EBITA margin of 17% (2005: 16%) ?? Product
development spending of €198 million (an increase of 11% over same
period 2005) ?? Structural cost savings of €91 million (an increase
of 26% over same period 2005) ?? Strong free cash flow of €239 million
(2005: €143 million) ?? Ordinary diluted EPS increased 19% to €0.89
(increase of 15% at constant currencies) Nancy McKinstry, CEO and Chairman
of the Executive Board, commented on the Company’s performance over the
third quarter of 2006: “Our results for the third quarter were strong,
and through the first nine months, we are well on course to meet our goals
for 2006. We continue strong execution as we near the completion of the
three-year transformation of the Company that has resulted in restored
organic revenue growth, structural cost savings, significant growth of
online and software positions, and a deeper customer focus.”
Wolters
Kluwer EUR 1.0 Billion Multi-Currency Credit Facility
Amsterdam
(September 27, 2006) - Wolters Kluwer, a leading global information services
company and publisher, announced today the signing of a EUR 1.0 billion
multi-currency credit facility. The credit facility will be used for general
corporate purposes, and is an amendment to the existing credit facility
of EUR 750 million. “We are pleased with the successful renegotiation of
the existing credit facility with our core relationship banks. This credit
facility has more favorable terms and will support the company’s strategy
for accelerating profitable growth” said Boudewijn Beerkens, CFO of Wolters
Kluwer. Wolters Kluwer appointed ABN AMRO Bank N.V., Citigroup, Deutsche
Bank AG, Fortis Bank (Nederland) N.V., and ING Bank N.V., as Mandated Lead
Arrangers for the loan. The syndicate furthermore includes the following
banks: ANZ Bank, Banca Intesa S.p.a., Credit Suisse, Dresdner Kleinwort,
Rabobank, and Société Générale. The amended
terms include a higher facility amount as well as a lower interest rate
margin and a lower commitment fee. The credit facility, which has a remaining
maturity of almost 5 years, is for general corporate purposes, and will
replace the existing EUR 750 million credit facility originally established
in July 2004
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