11th Feb 2008 07:00
RWS Holdings PLC11 February 2008 For immediate release 11 February 2008 RWS Holdings plc AGM Statement RWS Holdings plc (RWS), Europe's leading provider of intellectual propertysupport services (patent translations and searches) and technical translations,is today holding its Annual General Meeting. Andrew Brode, Executive Chairman, will make the following remarks at the AGM: "The financial year ended 30 September 2007 was another year of strong organicgrowth, with all of the Group's business areas performing well. This organicgrowth was complemented by the acquisition, in June 2007, of Japanese LanguageServices Limited which is trading ahead of our expectations as part of theGroup. "The current financial year ending 30 September 2008 has started well, with theGroup's first quarter performance ahead of our expectations reflecting continuedrobust trading and the favourable effect of a strong Euro. "As previously stated, our strategy is to complement organic growth by deployingthe Group's cash resources for selective acquisitions which have demonstrablegrowth prospects and enhance shareholder value. To that end, we have todayannounced the acquisition of Document Service Center Technische Uebersetzungenund Software-Lokalisierung, a leading German provider of technical translationsto a broad base of German and Swiss corporates, which will be immediatelyearnings enhancing. "The Group has a strong financial position, good forward sales visibility and ismaking excellent progress with its plans to more than compensate for the effectsof the London Agreement by organic expansion and selective acquisitions financedby our existing cash resources. We are, therefore, confident that our chosenstrategy will deliver continued growth in 2008 and that the dividend willadvance in line with that growth." - ends - For further information, please contact: RWS Holdings plcAndrew Brode (Executive Chairman) Tel: 01753 480200 SmithfieldKatie Hunt/Miranda Good Tel: 020 7360 4900 NumisStuart Skinner / James Serjeant 020 7260 1000 About RWS: RWS is Europe's leading provider of intellectual property support services(patent translations and technical searches) to the medical, pharmaceutical,chemical, aerospace, defence, automotive, electronics and telecoms industries.RWS also provides specialist technical, legal and financial translation servicesfor areas of industry outside the patent arena. RWS is based in the UK, withoffices in Europe, New York, Tokyo and Beijing, and is listed on AIM, the LondonStock Exchange regulated market (RWS.L). Approximately 1,000,000 patent documents are published per annum, 200,000 ofwhich are published in Europe (Source: European Patent Office) and theintellectual property market has shown significant growth in recent years, withpatent applications in Europe having doubled over the last ten years. For further information please visit: www.rws.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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