9th Oct 2006 07:00
RWS Holdings PLC09 October 2006 For immediate release 9 October 2006 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 2006, which are to bepublished on 12 December 2006. Revenue and profit before tax are expected to surpass market expectations andachieve new record levels. Margins have continued to improve with useful upliftin the core translations' activities, which represent over 90% of Group sales,and more significant margin growth in patent search activities largely due tothe success of PatBase. Our 2005 acquisition - Eclipse Translations - has more than exceeded ourexpectations. Outside the patent arena our technical translations activitieshave been strong. The core patent translations business has made further excellent progressunderpinned by the steady growth in worldwide patent applications andsignificant client wins, particularly in Europe. RWS remains focused upon high quality translations and intellectual propertysearches to ensure maximum protection for its clients' intellectual propertyassets. We continue to examine potential acquisitions, concentrating uponleading translation service providers and players in the intellectual propertysupport services space. The Beijing operation has been held back by the lengthy local formalities butthe full operating licence has now been granted. Several of our largemultinational clients have expressed keen interest in the proposed services. RWS' balance sheet is strong, backed by net cash of £16 million andshareholders' funds of £20 million. Given the significant progress achieved in2005/06 the Company expects to increase its final dividend at least in line withthe advance in profits. The Board looks to the new financial year with confidence. Andrew Brode, Executive Chairman, commented: "Yet again, our emphasis upon client service and high quality production hasenabled RWS to strengthen its market leading position and deliver recordresults." - ends - For further information, please contact: RWS Holdings plcAndrew Brode (Executive Chairman) Tel: 01753 480200 SmithfieldKatie Hunt/Reg Hoare Tel: 020 7360 4900 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 and telecoms industries. RWS is basedin the UK with offices in Europe, New York, Tokyo and Beijing, and is listed onAIM, the London Stock Exchange regulated market (RWS.L). 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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