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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Wilsons The Leather Experts Inc. (MM) | NASDAQ:WLSN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.098 | 0 | 01:00:00 |
Alphen aan den Rijn (July 31, 2013) - Wolters Kluwer, a global leader in professional information services, today released its 2013 half-year results.
Highlights
Interim Report of the Executive Board
Nancy McKinstry, CEO and Chairman of the Executive Board, commented:
"Our portfolio continues to strengthen as our leading, growing positions and electronic revenues achieved good organic growth in the first half, helping to more than offset continued weakness in Europe and legacy print products. We sustained investment in growth opportunities and continued efforts to drive efficiencies. We reaffirm our guidance for the full year."
Key Figures 2013 Half-Year
Six months ended June 30 (in millions of euros, unless otherwise stated) | 2013 | 2012* | D | D CC | D OG |
Business performance - benchmark figures | |||||
Revenue | 1,742 | 1,735 | 0% | +1% | +1% |
Ordinary EBITA | 334 | 340 | -2% | 0% | -1% |
Ordinary EBITA margin (%) | 19.2% | 19.6% | |||
Ordinary net income | 197 | 201 | -2% | -1% | |
Diluted ordinary EPS (€) | 0.66 | 0.67 | -2% | -1% | |
Ordinary free cash flow | 140 | 142 | -1% | +1% | |
Net debt | 2,276 | 2,258 | +1% | ||
IFRS results1 | |||||
Revenue | 1,742 | 1,735 | 0% | ||
Operating profit | 285 | 247 | +15% | ||
Profit for the period2 | 164 | 120 | +37% | ||
Diluted EPS (€)2 | 0.55 | 0.40 | +38% | ||
Net cash from operating activities | 199 | 191 | +4% | ||
D - % Change; D CC - % Change constant currencies (EUR/USD 1.29); D OG - % Organic growth. Benchmark and IFRS figures are for continuing operations unless otherwise noted. Benchmark (ordinary) figures are performance measures used by management. See Note 2 of the Interim Financial Report for a reconcilation from IFRS to benchmark figures. *2012 restated for IAS 19R 'Employee benefits' and early adoption of IFRS 11 'Joint arrangements'. 1) International Financial Reporting Standards as adopted by the European Union. 2) Includes discontinued operations. |
Full-Year 2013 Outlook
We reiterate our full-year guidance. The ordinary EBITA margin is expected to improve in the second half. The table below provides our guidance for the continuing operations for 2013.
Performance indicators | 2013 Guidance |
Ordinary EBITA margin | 21.5-22.0% |
Ordinary free cash flow | >= €475 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 constant currencies (EUR/USD 1.29). Guidance reflects IAS 19R and IFRS 11, the removal of the pension financing credit or charge from ordinary figures, and includes the estimated impact of performance share issuance offset by share repurchases. |
Guidance 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 1.0 euro-cent change in diluted ordinary EPS.
The full press release on the 2013 Half-Year Results is available here: (PDF version)
1 Year Wilsons Leather Experts Chart |
1 Month Wilsons Leather Experts Chart |
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