RWS progresses strategy as price challenges persist
By Josh White
Date: Tuesday 11 Feb 2025
(Sharecast News) - RWS Holdings reported continued progress on its medium-term strategy in an update on Tuesday, having returned to organic constant currency growth in the second half of its 2024 financial year.
The AIM-traded firm, which was holding its annual general meeting, said client retention levels remained high and client satisfaction had improved, while it secured significant new business.
Investments in growth initiatives and efficiency measures had enabled RWS to pivot successfully towards AI-led and specialist solutions, supporting a more resilient performance.
The company said it had seen further organic constant currency growth in the first quarter of its 2025 financial year, driven by strong volumes in its services divisions.
However, pricing and mix challenges persisted.
The board said the language and content technology division and TrainAI, its data training business, had maintained positive momentum, reinforcing the shift towards the company's identified growth areas.
RWS said its cost control programme was progressing as planned, with the majority of benefits expected to materialise in the second half of the year.
The company added that it was continuing to seek efficiency improvements through process optimisation and increased use of technology.
"In line with our previous guidance, we expect to deliver modest organic constant currency revenue growth in 2025, with growth in volumes anticipated to more than offset ongoing price pressure," said chairman Julie Southern.
At 1005 GMT, shares in RWS Holdings were up 6.85% at 149.8p.
Reporting by Josh White for Sharecast.com.
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