Wolters Kluwer NV

WKL: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wolters Kluwer Earnings: Results Broadly in Line; Shares Overvalued

Rob Hales

Jul 31, 2024

Wide-moat Wolters Kluwer reported first-half results that were broadly in line with company-compiled consensus. Group-level guidance for fiscal 2024 was confirmed although some modest changes were made within the segments. Shares were down around 3%-4% intraday. We don’t expect to make a material change to our EUR 137 fair value estimate. At current levels, the shares look overvalued.

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Wolters Kluwer NV

Wolters Kluwer Earnings: Results Broadly in Line; Shares Overvalued

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