The 2020 half-year results that Wolters Kluwer presented on August 5 were widely covered across digital and social media, as well as being discussed in a live-streamed analyst discussion. We take a look back at the global media coverage for the Wolters Kluwer 2020 half-year results.
As reflected in our half-year results, Wolters Kluwer overall is in a solid position and is performing well despite the Coronavirus pandemic. The results, the webcast for analysts, and accompanying media interviews drove overall positive media sentiment. Activity on our corporate social media channels (LinkedIn, Facebook and Twitter)showed a particularly strong positive response to content that extended thanks to customers and employees. On the day of the results announcement, Wolters Kluwer was second best performer on the AEX, behind food retailer AholdDelhaize.
Long-term prospectsThe media coverage, analyst responses, and social media commentary emphasize what Nancy McKinstry, Wolters Kluwer CEO and Chairman of the Executive Board, stated in the press release about our organization’s steadfast performance: “In these unprecedented times, I am particularly proud of our employees who have been focusing their efforts on supporting our customers and who have remained agile and engaged while adjusting to remote working conditions. COVID-19 has impacted non-recurring and print revenue streams and slowed new sales activity, but our strategically important recurring digital revenues are demonstrating resilience. While we continue to suspend our specific 2020 guidance, we remain confident in the company’s long-term prospects.”
Making the headlines
Het Financieele Dagblad: “Our results are relatively strong and stable and show resilience,” says CEO Nancy McKinstry. “But we, too, are being affected by the virus.”
De Telegraaf: “Fortunately, our digital activities – often part of multi-annual contracts – are proving to be resilient,” Nancy McKinstry said.
ANP: “New sales are a challenge for us. Customers tell us: Don't present us with new products, because we have to be really careful with our spending at the moment,” says CFO Kevin Entricken.
Belegger.nl: Information provider Wolters Kluwer has shown good income stability in its first mid-year results, even during a global crisis. This is the conclusion of analysts at KBC Securities, who refer to the company as a "safe harbor in the Benelux."