Katherine Tait's questions to WOLTERS KLUWER N V /FI (WTKWY) leadership • Q4 2016
Question
Katherine Tait from Goldman Sachs asked about the sustainability of the recent 60-70 basis points of annual margin expansion and how to think about the margin trajectory beyond 2017.
Answer
CFO Kevin Entricken attributed the margin improvement to a favorable mix shift towards higher-growth businesses like Clinical Solutions and ongoing operational excellence initiatives. He indicated that while these trends are expected to continue, providing some ability for future margin improvement, investors should focus on the guidance provided for 2017 for now.