30th Mar 2007 07:01
RWS Holdings PLC30 March 2007 30 March 2007 RWS Holdings plc Trading Update RWS Holdings plc ("RWS" or "the Company"), Europe's leading provider ofintellectual property support services (patent translations and technicalsearches) and technical translations, today announces the following update ontrading for the six months ending 31 March 2007. The Company intends to announceits interim results for the period on 31 May 2007. The Board anticipates that growth in both revenues and profit before tax for thefirst half of the financial year will maintain the dynamic upward trend seen inprevious years, underpinned by continuing strong demand for the Company'sservices and by good margins. RWS has maintained its focus on high quality translations and IP searchactivities where it is the market leading provider. The core translationsbusiness has made excellent progress and further improved margins despiteunfavourable currency rates, whilst the information division has achieved anincrease in sales and experienced buoyant demand for its high-margin patentdatabase service - PatBase. In line with the Company's stated growth strategy, the search for suitablepotential acquisitions in the high level technical translation and intellectualproperty support spaces has continued and RWS has very recently entered intoexclusive negotiations to acquire a small but highly profitable company in itschosen acquisition field. Further details will be released in due course. RWS continues to enjoy the benefits of a strong balance sheet with net cash of£18 million and shareholder funds in excess of £24 million. Foreign exchangeexposure in Euros has now been largely hedged at favourable rates until thefinancial year end at 30 September 2007. 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 give us the potentialto deliver another set of record results. We look to the second half of the yearand beyond with considerable confidence." - ends - For further information, please contact: RWS Holdings plcMike McCarthy (Finance Director) Tel: 01753 480200 Numis Securities LimitedStuart Skinner Tel: 020 7260 1000 SmithfieldMiranda Good/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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