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Wolters Kluwers Revs Rise 2 Percent

Nancy McKinstry, Wolters KluwerWolters Kluwer has reported that revenues for its nine months ended September 30 were up 2 percent in constant currencies and 1 percent organically. However, the company said its nine-month operating profit margin declined as expected from the impact of planned restructuring costs.

The parent of Wolters Kluwer CCH issued the statements this week as part of its interim management statement for the third quarter. Interim statements by European companies for first and third quarters typically do not provide profit and loss tables or balance sheets. Wolters Kluwer did not break out any revenue figures.

The company says that digital products were up 5 percent organically that more than offset the decline in print revenue. In a prepared statement, chief executive Nancy McKinstry noted, "Market conditions in Europe remain a challenge, but our digital products in this region are delivering good organic growth, and we are driving further efficiencies in the print operations."

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