Wolters Kluwer 2012 Full-Year Results

Wolters Kluwer 2012 Full-Year Results 
ALPHEN AAN DEN RIJN, THE NETHERLANDS -- (Marketwire) -- 02/20/13 -- 
Wolters Kluwer, a market-leading
global information services company
focused on professionals, today released its 2012 full-year results. 
Highlights  * Revenues up 2% in constant currencies and up 1%
- Online, software and services revenues up 4% organically
(74% of
  total revenues). 
- Accelerated organic growth in North America and Asia more
than   offset declines in Europe. 
- Health and Financial & Compliance Services both up 5%
* Ordinary EBITA margin improves to 21.8%. 
* Diluted ordinary EPS EUR1.58, up 1% in constant currencies and in
line with 
* Ordinary free cash flow EUR507 million, up 8% in constant
currencies and above     guidance. 
* Net-debt-to-EBITDA improved to 2.4x (2011 year-end: 3.1x), better
than     target. 
* Proposed 2012 dividend EUR0.69 per share to be paid in cash;
stock dividend 
program abolished. 
* Debt refinancing announced today. 
Nancy McKinstry, CEO and Chairman of the Executive Board, commented: 
"In 2012, we achieved positive organic growth, increased operating
margins and
free cash flow, while significantly improving our leverage
ratio, despite macro
economic conditions in Europe. Growth
accelerated in North America and in our
online and software products
globally. We expect conditions in Europe to remain
tough in 2013, but
we are confident our digital businesses globally will continue to
perform well. We will focus investments on our leading, high
positions, while actively pursuing portfolio refinements and
operating efficiencies in order to accelerate growth and raise
Key Figures 2012 

   (All amounts are in millions of euros unless otherwise indicated)
Year ended December 31            2012   2011    D     D CC          D OG
Business performance - benchmark
Revenue                           3,603  3,354   +7%   +2%           +1%
Ordinary EBITA                    785    728     +8%   +2%           0%
Ordinary EBITA margin (%)         21.8%  21.7%
Ordinary net income               476    444     +7%   0%
Diluted ordinary EPS (EUR)        1.58   1.47    +8%   +1%
Ordinary free cash flow           507    443     +15%  +8%
Net debt                          2,086  2,168   -4%
IFRS results[1]
Revenue                           3,603  3,354   +7%
Operating profit                  579    428     +35%
Profit for the year[2]            321    118     +170%
Diluted EPS (EUR)[2]              1.07   0.40    +168%
Net cash from operating
activities                        619    536     +15%
 D - % Change; D CC - % Change constant currencies (EUR/USD 1.39); D OG - %
 Organic growth
 Benchmark and IFRS figures are for continuing operations unless otherwise
 noted. Benchmark figures are performance measures used by management.
 See Note 2 for a reconcilation from IFRS to benchmark figures
 [1] International Financial Reporting Standard as adopted by the European
 [2] Includes discontinued operations

Full-Year 2013 Outlook 
The table below provides our outlook for the continuing operations in

Performance indicators     2013 Guidance
Ordinary EBITA margin      21.5-22.0%
Ordinary free cash flow    >= EUR475 million
Return on invested capital >= 8%
Diluted ordinary EPS       Low single-digit growth

Guidance for ordinary free cash flow and diluted ordinary EPS is in
currencies (EUR/USD 1.29). Guidance reflects IAS19R and
removal of the pension financing credit or charge
from benchmark
figures, and includes the estimated impact of performance
issuance offset by share repurchases. 
Guidance for ordinary free cash flow and diluted ordinary EPS is
based on constant exchange rates. Wolters Kluwer generates more than
half of its ordinary
EBITA in North America. As a rule of thumb,
based on our 2012 currency profile,
a 1 U.S. cent move in the average
EUR/USD exchange rate for the year causes an
opposite 0.8 euro-cent
change in diluted ordinary EPS. 
The full press release on the 2012 Full-Year Results is available
here: (PDF
Wolters Kluwer 2012 Full-Year Results (PDF):
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(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Wolters Kluwer NV via Thomson Reuters ONE 
Caroline Wouters
Corporate Communications
t + 31 (0)172 641 459
Meg Geldens
Investor Relations
t + 31 (0)172 641 407
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