RWS Holdings PLC
09 October 2006
For immediate release 9 October 2006
RWS Holdings plc
Pre Close Statement
RWS Holdings plc (RWS), Europe's leading provider of intellectual property
support services (patent translations and technical searches) and technical
translations, today provides an update prior to entering into the close period
for the Company's results for the year ended 30 September 2006, which are to be
published on 12 December 2006.
Revenue and profit before tax are expected to surpass market expectations and
achieve new record levels. Margins have continued to improve with useful uplift
in the core translations' activities, which represent over 90% of Group sales,
and more significant margin growth in patent search activities largely due to
the success of PatBase.
Our 2005 acquisition - Eclipse Translations - has more than exceeded our
expectations. Outside the patent arena our technical translations activities
have been strong.
The core patent translations business has made further excellent progress
underpinned by the steady growth in worldwide patent applications and
significant client wins, particularly in Europe.
RWS remains focused upon high quality translations and intellectual property
searches to ensure maximum protection for its clients' intellectual property
assets. We continue to examine potential acquisitions, concentrating upon
leading translation service providers and players in the intellectual property
support services space.
The Beijing operation has been held back by the lengthy local formalities but
the full operating licence has now been granted. Several of our large
multinational clients have expressed keen interest in the proposed services.
RWS' balance sheet is strong, backed by net cash of £16 million and
shareholders' funds of £20 million. Given the significant progress achieved in
2005/06 the Company expects to increase its final dividend at least in line with
the advance in profits.
The Board looks to the new financial year with confidence.
Andrew Brode, Executive Chairman, commented:
'Yet again, our emphasis upon client service and high quality production has
enabled RWS to strengthen its market leading position and deliver record
results.'
- ends -
For further information, please contact:
RWS Holdings plc
Andrew Brode (Executive Chairman) Tel: 01753 480200
Smithfield
Katie Hunt/Reg Hoare Tel: 020 7360 4900
About RWS
RWS is Europe's leading provider of intellectual property support services
(patent translations and technical searches) to the medical, pharmaceutical,
chemical, aerospace, defence, automotive and telecoms industries. RWS is based
in the UK with offices in Europe, New York, Tokyo and Beijing, and is listed on
AIM, the London Stock Exchange regulated market (RWS.L).
For further information please visit: www.rws.com
This information is provided by RNS
The company news service from the London Stock Exchange
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