Business
Trading Update
Trading Update.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n RWS Holdings PLC\n30 March 2007\n\n\n 30 March 2007\n\n RWS Holdings plc\n\n Trading Update\n\nRWS Holdings plc ('RWS' or 'the Company'), Europe's leading provider of\nintellectual property support services (patent translations and technical\nsearches) and technical translations, today announces the following update on\ntrading for the six months ending 31 March 2007. The Company intends to announce\nits interim results for the period on 31 May 2007.\n\nThe Board anticipates that growth in both revenues and profit before tax for the\nfirst half of the financial year will maintain the dynamic upward trend seen in\nprevious years, underpinned by continuing strong demand for the Company's\nservices and by good margins.\n\nRWS has maintained its focus on high quality translations and IP search\nactivities where it is the market leading provider. The core translations\nbusiness has made excellent progress and further improved margins despite\nunfavourable currency rates, whilst the information division has achieved an\nincrease in sales and experienced buoyant demand for its high-margin patent\ndatabase service - PatBase.\n\nIn line with the Company's stated growth strategy, the search for suitable\npotential acquisitions in the high level technical translation and intellectual\nproperty support spaces has continued and RWS has very recently entered into\nexclusive negotiations to acquire a small but highly profitable company in its\nchosen acquisition field. Further details will be released in due course.\n\nRWS continues to enjoy the benefits of a strong balance sheet with net cash of\n£18 million and shareholder funds in excess of £24 million. Foreign exchange\nexposure in Euros has now been largely hedged at favourable rates until the\nfinancial year end at 30 September 2007.\n\nAndrew Brode, Executive Chairman, commented:\n\n'Yet again, our emphasis upon client service and high quality production has\nenabled RWS to strengthen its market leading position and give us the potential\nto deliver another set of record results. We look to the second half of the year\nand beyond with considerable confidence.'\n\n - ends -\n\n\nFor further information, please contact:\n\nRWS Holdings plc\nMike McCarthy (Finance Director) Tel: 01753 480200\n\nNumis Securities Limited\nStuart Skinner Tel: 020 7260 1000\n\nSmithfield\nMiranda Good/Reg...