RWS Holdings PLC
10 October 2005
10 October 2005
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 2005, which are to be
published on 15 December 2005.
Revenue and profit before tax are expected to be at the top end of the range of
market expectations and to achieve new record levels. Margins have been
maintained with solid growth in the core translations activities and margin
improvement in the patent search activities, underpinned by PatBase
subscriptions.
The February 2005 acquisition - Eclipse Translations - has fulfilled our
expectations and been successfully integrated. The Japanese and German offices
have delivered excellent growth in revenue and profit.
Current activity levels, major client wins and worldwide growth in patent
applications underpin the Company's confidence that progress will continue in
2005/06.
RWS' focus is upon high quality translations and searches to ensure maximum
protection for its clients' intellectual property. It continues to evaluate
acquisition opportunities both within the intellectual property space and in
high quality translation activities.
RWS enjoys an enviably strong balance sheet with net cash of £12 million and
expects to increase its final dividend.
With the rapidly growing involvement of our major multinational clients in
China, RWS will be established in Beijing later this month.
Andrew Brode, Executive Chairman, commented:
'I am pleased to see RWS enhancing its market leading positions within its
chosen niche activities and delivering record results. The new initiative in
China will underline our commitment to client service.'
For further information, please contact:
RWS Holdings plc
Andrew Brode (Executive Chairman) Tel: 01753 480200
Weber Shandwick Square Mile
Nick Oborne Tel: 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange