In the past Wolters Kluwer organised an in-person event, usually at a hotel, to present their half-year results. The event was then broadcast from the venue as a webcast. To save time for the participants and to make it easier for analysts to attend the presentation, Wolters Kluwer has now chosen a purely online event for announcing their half-year results.
Instead of a physical event or a webcast from the head office, the webinar is broadcast from a dedicated webinar studio. This makes Wolters Kluwer one of the first publicly listed companies in the Netherlands to present its half-year results in this way. “In the case of Wolters Kluwer, nearly 80% of analysts covering our stock are not based in the Netherlands. Nowadays many are unable to travel to attend in-person events, so they are accustomed to watching events online. The analysts tend to be very busy during the July reporting season; we can save everyone time by cutting out the travel involved in an in-person event. Focusing on a digital event hopefully also makes it a better experience for investors (very few of our investors can attend these results presentations in person due to their busy schedules). Apart from being more convenient for everyone, moving to an exclusively online event offers potential cost savings as well” says Wolters Kluwer
“The audience reaction was positive” says Wolters Kluwer. “Analysts based in the Netherlands did not mind that they could no longer attend an in-person event, and analysts and investors outside the Netherlands had an overall better experience. The big advantage of a webinar from the Company Webcast studio is a better visual and audio experience for our customers and saved time and money”.
Why choose Company Webcast as webcast supplier?
According to Wolters Kluwer, “Presenting the figures from the professional studio of Company Webcast has been very satisfying. We were attracted to the studio because it is a turnkey solution. Webcasting from the company office can be done but we found it more time-consuming as you need to set up cameras, lights, backdrop, etc. Yes, it is very likely we will do this again in future for half-year results.”