weather forecast Friday: Overcast with showers everywhere. Max 13º. Similar at the weekend
 
Home| News| Dictionary| Features| International| Expats| RSS| Newsletter
 
««« previousnext »»»

Wolters Kluwer books 4% fall in turnover

Wednesday 30 July 2008

Publishing concern Wolters Kluwer on Wednesday announced a 4% decrease in its first half turnover to €1.61bn compared to the same period last year.

The company said the result was ‘largely driven’ by a weak US dollar. Last year the company made more than half of its turnover in the US.

Net profit fell to €144m compared to €742m in the same period last year although this figure includes profit from the sale of its education division.

Wolters Kluwer’s healthcare and financial operations performed particularly poorly in the first half of 2008.

The health division, which saw turnover fall 12%, is being hit by a downward trend in advertising by the pharmaceutical sector the company said.

The firm’s financial division, where turnover decreased 12%, is feeling the consequences of the credit crisis said Wolters Kluwer.

Wolters Kluwer also announced that its top man in the health division, Jeff McCaulley, has decided to step down for ‘personal and family reasons’, reports ANP news service. Company chairwoman Nancy McKinstry will take over his tasks on a temporary basis, said ANP.

© DutchNews.nl


Get the DutchNews.nl newsletter in your mailbox: Click here to subscribe



Print-version

Place your comments:

*
* (will not be published)

Postings which contain racist, sexist or homophobic language or which insult other correspondents will not be published. Publication is at the discretion of the editor and DutchNews.nl reserves the right to edit or shorten comments.

Click here
 
 
Click here
 
 
Click here
 
Advertising| Business services| Mobile| Tell a Friend| Donate| Contact| About us
 
Click hereClick hereClick here
Hosted by Qweb.nl
Click here