Wolters Kluwer publishes 2023 Annual Report; reports 6% organic growth

Wolters Kluwer, the Dutch professional software solutions firm, today published its 2023 Annual Report, detailed insights into Wolters Kluwer’s financial and non-financial performance during 2023, including the company’s Environmental, Social and Governance (ESG) achievements. As previously reported the global technology company reported 2023 revenues of €5,584 million, up 6% organically, citing Generative Artificial Intelligence (GenAI) as a growth driver.

“The passion and commitment of our global team allowed us to deliver on our goals. Achievements included the creation of our new Corporate Performance & ESG division, plans to advance our own sustainability performance, and investments in advanced technology, such as Artificial Intelligence,” said Nancy McKinstry, CEO and Chair of Wolters Kluwer’s Executive Board. “We are focused on delivering value for our customers, offering rewarding careers for our employees and generating returns for shareholders.”

In addition to the company’s regular reporting, this year’s Annual Report includes Wolters Kluwer’s initial double materiality assessment, conducted in accordance with the European Sustainability Reporting Standards (ESRS) guidelines. The company also provides expanded details on material sustainability matters. This includes its full scope 1, 2 and 3 greenhouse gas (GHG) emissions. The sustainability statements are structured following ESRS guidelines, in preparation for compliance with the Corporate Sustainability Reporting Directive (CSRD) and ESRS for the future 2024 Annual Report.

The 2023 financial statements, as included in the 2023 Annual Report, will be proposed for adoption at the Annual General Meeting of Shareholders (AGM) on May 8, 2024. The agenda includes a proposal to distribute a total dividend over the 2023 financial year of €2.08 per ordinary share. If approved, this will result in a final dividend of €1.36 per ordinary share.

In other Wolters Kluwer news today, the company’s Finance, Risk & Regulatory Reporting (FRR) business is celebrating success in the APAC region. RegTech Insight has named the company’s OneSumX IFRS 9 solutions as the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.

The awards program recognizes those “RegTech solutions that have successfully improved firms’ ability to respond to evolving and ever more complex regulatory requirements across the global financial services industry.” The RegTech Insight Awards Advisory Board, which includes senior executives from Credit Suisse, DBS Bank, HSBC, OCBC Bank and Standard Chartered, reviews nominations in collaboration with the publication’s editors.

OneSumX IFRS 9, part of FRR’s OneSumX product, supports clients with the implementation of the full International Financial Reporting Standard 9 (IFRS 9). The solution provides a solid framework to capture and store all information at the contract level. It helps to manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.