RWS Holdings PLC
30 March 2007
30 March 2007
RWS Holdings plc
Trading Update
RWS Holdings plc ('RWS' or 'the Company'), Europe's leading provider of
intellectual property support services (patent translations and technical
searches) and technical translations, today announces the following update on
trading for the six months ending 31 March 2007. The Company intends to announce
its interim results for the period on 31 May 2007.
The Board anticipates that growth in both revenues and profit before tax for the
first half of the financial year will maintain the dynamic upward trend seen in
previous years, underpinned by continuing strong demand for the Company's
services and by good margins.
RWS has maintained its focus on high quality translations and IP search
activities where it is the market leading provider. The core translations
business has made excellent progress and further improved margins despite
unfavourable currency rates, whilst the information division has achieved an
increase in sales and experienced buoyant demand for its high-margin patent
database service - PatBase.
In line with the Company's stated growth strategy, the search for suitable
potential acquisitions in the high level technical translation and intellectual
property support spaces has continued and RWS has very recently entered into
exclusive negotiations to acquire a small but highly profitable company in its
chosen acquisition field. Further details will be released in due course.
RWS continues to enjoy the benefits of a strong balance sheet with net cash of
£18 million and shareholder funds in excess of £24 million. Foreign exchange
exposure in Euros has now been largely hedged at favourable rates until the
financial year end at 30 September 2007.
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 give us the potential
to deliver another set of record results. We look to the second half of the year
and beyond with considerable confidence.'
- ends -
For further information, please contact:
RWS Holdings plc
Mike McCarthy (Finance Director) Tel: 01753 480200
Numis Securities Limited
Stuart Skinner Tel: 020 7260 1000
Smithfield
Miranda Good/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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