Dollar Lowers Wolters Kluwer Results


Wolters Kluwer, which owns CCH, saw revenue for the half ended June 30 slide by 4.6 percent and earnings before interest, tax, and amortization off by 2.2 percent over last year's first half as the dollar pulled down results.

However, the company said it had a 5 percent rise in revenue in constant currency and reported a 6 percent increase in organic revenue in its U.S. Tax & Accounting operations. Nancy McKinstry, chair of the executive board, says the company is ahead of its plans to cut spending.

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