Business
Year End Trading Statement & Notice of Results
Year End Trading Statement & Notice of Results.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1882Q\n RWS Holdings PLC\n 26 October 2021\n \n \n \n \n \n For immediate release 26 October 2021\n \n \n \n \n \n RWS Holdings plc \n \n \n Year End Trading Statement & Notice of Results\n \n \n A strong performance with profit ahead of expectations\n \n \n RWS Holdings plc (\"RWS\", \"the Group\"), the world's leading provider of technology-enabled language, content management and intellectual property support services, today provides an update on trading for the year ended 30 September 2021, ahead of the announcement of its full year results.\n \n \n Adjusted profit before tax1 for the year is expected to be ahead of market consensus2, with revenue within the range of market expectations2\n . This performance reflects a stronger than expected margin driven by both an improved margin mix and the early stages of operational efficiencies from the integration of SDL into the Group. \n \n \n The Group remains highly cash generative, resulting in a movement from net debt (excluding lease liabilities) of £15.1 million as at 30 September 2020 to net cash of c.£45 million as at 30 September 2021, after acquisition costs and the costs of delivering synergies following the acquisition of SDL. Net debt, including lease liabilities, is expected to be c.£3 million.\n \n \n Notice of Full Year Results\n \n \n RWS will provide a further update with its full year results on 14 December 2021. To register your interest in attending the results presentation, please email \n \n [email protected]\n \n . \n \n \n Ian El-Mokadem, Chief Executive Officer of RWS, commented:\n \n \n \"The Group has delivered strong results, with a robust revenue performance combined with a stronger than anticipated margin, following the acquisition of SDL. \n \n \n \"Following a good few months in the business, it is clear to me that I have joined RWS in a strong position, with an excellent team in place to drive the business forward and build on its leadership of its growing, fragmented markets, alongside a healthy cash position to support the Group's strategy.\n \n \n \"We look forward to providing an update, in a capital markets day in the first quarter of next year, on our plans to continue to build upon the Group's strong position and track record.\"\n \n \n \...