10th Oct 2005 07:00
RWS Holdings PLC10 October 2005 10 October 2005 RWS Holdings plc Pre Close Statement RWS Holdings plc (RWS), Europe's leading provider of intellectual propertysupport services (patent translations and technical searches) and technicaltranslations, today provides an update prior to entering into the close periodfor the Company's results for the year ended 30 September 2005, which are to bepublished on 15 December 2005. Revenue and profit before tax are expected to be at the top end of the range ofmarket expectations and to achieve new record levels. Margins have beenmaintained with solid growth in the core translations activities and marginimprovement in the patent search activities, underpinned by PatBasesubscriptions. The February 2005 acquisition - Eclipse Translations - has fulfilled ourexpectations and been successfully integrated. The Japanese and German officeshave delivered excellent growth in revenue and profit. Current activity levels, major client wins and worldwide growth in patentapplications underpin the Company's confidence that progress will continue in2005/06. RWS' focus is upon high quality translations and searches to ensure maximumprotection for its clients' intellectual property. It continues to evaluateacquisition opportunities both within the intellectual property space and inhigh quality translation activities. RWS enjoys an enviably strong balance sheet with net cash of £12 million andexpects to increase its final dividend. With the rapidly growing involvement of our major multinational clients inChina, 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 itschosen niche activities and delivering record results. The new initiative inChina will underline our commitment to client service." For further information, please contact: RWS Holdings plcAndrew Brode (Executive Chairman) Tel: 01753 480200 Weber Shandwick Square MileNick Oborne Tel: 020 7067 0700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RWS Holdings