22nd Apr 2021 14:43
RWS Holdings PLC - Buckinghamshire, England-based language support services firm - Posts revenue of GBP326.4 million for the six months ended March 31, up 92% from GBP169.7 million in the prior-year period, in line with expectations. Notes revenue incorporated acquisitions made in the previous financial year, namely Iconic Translation Machines Ltd and Webdunia.com India Private Ltd, and SDL PLC. As a result, RWS expects to report full-year adjusted pretax profit in line with market expectations.
"Trading in the first half has been encouraging despite having been impacted significantly by adverse FX rates. Notwithstanding FX pressures, the future for the group is bright. The markets in which we operate are growing and we continue to see opportunities for organic growth in all four of our divisions, whilst we also drive synergies across the group," says Chair Andrew Brode.
Current stock price: 680.50 pence
Year-to-date change: up 27%
By Zoe Wickens; [email protected]
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