30th Mar 2006 07:01
RWS Holdings PLC30 March 2006 30 March 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 interim results for the six months ending 31 March 2006, whichare due to be published on 31 May 2006. We expect that revenues and profit before tax for the six months ended 31 March2006 will continue to achieve record levels, underpinned by margin improvements. Last year's acquisition - Eclipse Translations - has exceeded our expectations.The high margin patent database service - PatBase - has secured subscriptionrevenues well above budget. The core translations activities have made further progress backed by clientwins in Europe. We have also recently appointed senior staff to reinforce oursales efforts in the United States. RWS continues to enjoy a strong balance sheet with net cash of £13 million.Foreign exchange exposures in Euros and U.S. dollars are now largely hedged atfavourable rates until the year end. Given the strong financial position, anincreased interim dividend is to be expected. The Board looks to the second half of the year and beyond with confidence. For further information, please contact: RWS Holdings plc Tel: 01753 480200Andrew Brode (Executive Chairman) Weber Shandwick Square Mile Tel: 020 7067 0700Nick Oborne About RWS RWS is the leading provider of intellectual property support services (patenttranslations and technical searches) to the medical, pharmaceutical, chemical,aerospace, defence, automotive and telecoms industries. RWS is based in the UKwith offices in Europe, New York, Tokyo and Beijing. 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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