Wolters Kluwer revenue down

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Wolters Kluwer reported 2007 revenues for its health division down to 761 million Euros from 823 million Euros in 2006 and operating profits down to 78 million from 80 million. For the fourth quarter of 2007, revenues were down to 206 million Euros from 232 million for Q4 2006.

On the upside, Wolters Kluwer said health products delivered organic growth of 1%, “with strong growth in Clinical Solutions and Medical Research, partially offset by weakening pharma promotional spending, price compression in Healthcare Analytics, and softening book sales in legacy channels.” The publisher vowed to strengthen the division through investment in new products and data sets. 

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