RWS Holdings (RWS)

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FTSE AIM 50

187.60p
   
  • Change Today:
      2.60p
  • 52 Week High: 306.20
  • 52 Week Low: 183.90
  • Currency: UK Pounds
  • Shares Issued: 368.72m
  • Volume: 380,138
  • Market Cap: £691.71m
  • RiskGrade: 161

RWS turns in strong full-year results

By Josh White

Date: Thursday 15 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Language, content and intellectual property technology specialist RWS reported an 8% improvement in revenue in its final results on Thursday, to £749.2m.
The AIM-traded firm said its gross margin expanded by 160 basis points in the 12 months ended 30 September, to 46.7%, as profit before tax surged 51% to £83.2m.

Its adjusted profit before tax was 17% firmer at £135.7m.

RWS said basic earnings per share jumped 48% year-on-year to 16.1p, while adjusted basic earnings were 12% firmer at 26.6p.

The board proposed a final dividend of 9.5p, up 12%, making for a total distribution of 11.75p per year for the period.

Cash conversion expanded by 1,350 basis points to 110.2%, with net cash at the end of the year standing £26.6m higher at £71.9m.

Looking ahead, RWS said its outlook was in line with market expectations, adding that the current economic environment was "challenging", while also offering opportunities to strengthen leadership in its markets.

It said its "unique capabilities", "diverse" end-market exposure and "strong" client retention was continuing to enable "resilience".

Capital expenditure and investments were expected to be in line with guidance, with strong cash generation and a strong balance sheet positioning the firm to make the investments it announced in March, fund further selective acquisitions to enhance its capabilities and geographic reach, and to maintain its progressive dividend policy.

"Against a backdrop of wider global economic uncertainty, RWS has delivered robust, cash generative, profitable growth in line with market expectations, continued its unbroken record of dividend growth and made good progress on the actions and investments that we set out at our capital markets day in March," said chief executive officer Ian El-Mokadem.

"The successful integration of SDL and the delivery of synergies ahead of original expectations has driven a strong margin improvement and provided the group with a unique combination of technology and expertise from which to further develop its technology-enabled platform."

"We are also very encouraged by the early signs of delivery against our organic growth initiatives, particularly e-learning and linguistic validation, our pricing programme and our transformation projects."

El-Mokadem said the "simpler, more efficient and accountable organisational model" RWS had put in place to deliver its strategy was already making a difference.

"We believe that the current environment presents an opportunity for us to strengthen our leadership in our markets, as a well-funded business of unique scale, sector diversification, footprint and capabilities.

"In parallel, the group's strong cash generation and balance sheet means that we retain the ability and appetite to make strategically compelling acquisitions.

"Whilst remaining mindful of the global economic backdrop, as we enter the 2023 financial year we remain on track to deliver on our growth strategy and are confident in the long-term opportunities provided by a range of growth drivers across our markets."

At 1443 GMT, shares in RWS Holdings were up 2.93% at 351.4p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RWS Holdings Market Data

Currency UK Pounds
Share Price 187.60p
Change Today 2.60p
% Change 1.41 %
52 Week High 306.20
52 Week Low 183.90
Volume 380,138
Shares Issued 368.72m
Market Cap £691.71m
RiskGrade 161

RWS Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.55% above the market average96.55% above the market average96.55% above the market average96.55% above the market average96.55% above the market average
91.11% above the sector average91.11% above the sector average91.11% above the sector average91.11% above the sector average91.11% above the sector average
Price Trend
65.26% below the market average65.26% below the market average65.26% below the market average65.26% below the market average65.26% below the market average
78.22% below the sector average78.22% below the sector average78.22% below the sector average78.22% below the sector average78.22% below the sector average
Income
92.68% above the market average92.68% above the market average92.68% above the market average92.68% above the market average92.68% above the market average
90.77% above the sector average90.77% above the sector average90.77% above the sector average90.77% above the sector average90.77% above the sector average
Growth
45.25% below the market average45.25% below the market average45.25% below the market average45.25% below the market average45.25% below the market average
48% below the sector average48% below the sector average48% below the sector average48% below the sector average48% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RWS Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Jan-24 22-Jun-23
Paid 23-Feb-24 21-Jul-23
Amount 9.80p 2.40p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 134,054 @ 187.60p
16:35 146 @ 187.60p
16:35 342 @ 187.60p
16:35 342 @ 187.60p
16:35 832 @ 187.60p

RWS Holdings Key Personnel

CFO Candida (Candy) Davies

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