Wolters Kluwer FY earnings rise, reiterates 2007 outlook |
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Published
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Wed, 28 Feb 2007 08:41
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AMSTERDAM (AFX) - Wolters Kluwer NV reported full-year earnings of which sales and operating profit bested analyst expectations while net profit missed forecasts, and reiterated its 2007 outlook while raising its final dividend by 5 pct, dealers said.The company did not say what it may do with the proceeds from the sale of the Education division, as some analysts had hoped.Net profit was 322 mln eur, up from 261 mln in 2005 but below analysts' consensus of 349.8 mln eur.Sales rose to 3.693 bln eur, up from 3.374 bln and higher than the 3.666 bln pencilled in by analysts. Operating profit came in at 618 mln eur, up from 533 mln a year ago and higher than the Thomson Financial 550.2 mln eur consensus.Organic sales growth in 2006 was 3 pct, as the publishing group had earlier guided in its third quarter earnings report.Wolters Kluwer reiterated its 2007 outlook of 4 pct organic sales growth, 19-20 pct EBITA margins and earnings per share of between 1.45-1.55 eur.kaj.leers@thomson.comkel/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Mergers and acquisitions highlights to 15:50 GMT 