Wolters Kluwer: stock dives as CEO quits
(CercleFinance.com) - Wolters Kluwer shares are down nearly 10% in Amsterdam, after the publishing group announced, alongsideline its annual results, the planned departure - next year, in February 2026 - of its Chairman of the Executive Board and CEO, Nancy McKinstry.
At the AGM on 15 May, the Supervisory Board will appoint Stacey Caywood, the current CEO of Wolters Kluwer Health, as a member of the Executive Board, with a view to appointing her as the Group's new CEO in a year's time.
Wolters Kluwer posted 2024 adjusted EPS that is up 9% to E4.97, with an adjusted operating margin of 27.1% on sales up 6% organically to E5.92bn.
A total dividend up 12% to E2.33 will be proposed for 2024, along with share buybacks of E1bn in 2025. For the current year, the Dutch company forecasts a "single-digit average" percentage increase in adjusted EPS.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
At the AGM on 15 May, the Supervisory Board will appoint Stacey Caywood, the current CEO of Wolters Kluwer Health, as a member of the Executive Board, with a view to appointing her as the Group's new CEO in a year's time.
Wolters Kluwer posted 2024 adjusted EPS that is up 9% to E4.97, with an adjusted operating margin of 27.1% on sales up 6% organically to E5.92bn.
A total dividend up 12% to E2.33 will be proposed for 2024, along with share buybacks of E1bn in 2025. For the current year, the Dutch company forecasts a "single-digit average" percentage increase in adjusted EPS.
Copyright (c) 2025 CercleFinance.com. All rights reserved.