RWS Holdings PLC
30 March 2006
30 March 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 interim results for the six months ending 31 March 2006, which
are due to be published on 31 May 2006.
We expect that revenues and profit before tax for the six months ended 31 March
2006 will continue to achieve record levels, underpinned by margin improvements.
Last year's acquisition - Eclipse Translations - has exceeded our expectations.
The high margin patent database service - PatBase - has secured subscription
revenues well above budget.
The core translations activities have made further progress backed by client
wins in Europe. We have also recently appointed senior staff to reinforce our
sales efforts in the United States.
RWS continues to enjoy a strong balance sheet with net cash of £13 million.
Foreign exchange exposures in Euros and U.S. dollars are now largely hedged at
favourable rates until the year end. Given the strong financial position, an
increased interim dividend is to be expected.
The Board looks to the second half of the year and beyond with confidence.
For further information, please contact:
RWS Holdings plc Tel: 01753 480200
Andrew Brode (Executive Chairman)
Weber Shandwick Square Mile Tel: 020 7067 0700
Nick Oborne
About RWS
RWS is the 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.
For further information please visit: www.rws.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.