Buckinghamshire's RWS report revenues in excess of £700million

By Stephen Emerson

27 October 2022

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RWS Holdings has acquired Liones Holding B.V.

Buckinghamshire-based RWS Holdings plc have revealed an interim FY22 revenue in excess of £700million. The details were contained in RWS year end trading statement.

The interim report suggests the firms revenue range for FY22, based on a compiled view of analysts' expectations lies between £736.3m-£760.4m for revenue, with a consensus of £749.1m.

RWS are a technology communication firm specialising in language translation. They have 90 of the top 100 firms in the world among their clients.

While the figures are yet to be finalised ahead of the annual report to shareholders, group revenues in FY22 grew by approximately 8%, stated RWS. The firm also acknowledged it expected to maintain its progressive dividend policy.

RWS expect revenues to grow significantly in FY23 due to an: "increase in the translation volumes going through our unique Language eXperience Delivery platform."

Returns realised from the November 2020 acquisition of SDL, a language translation software firm based in Maidenhead, are expected to further enhance margins.

The statement to the LSE confirmed more acquisitions are likely. RWS confirmed they have: "extended our revolving credit facility, giving us further flexibility as we continue to grow our business and seek selective acquisitions to enhance the Group's capabilities and geographic reach.

"The facility has been increased from $120 million to $220 million."

Chief Executive Officer of RWS, Ian El-Mokadem, stated: "We have continued to progress the actions and investments that we set out at our Capital Markets Day in March, which underpin our medium-term strategy and five year accelerated growth plan.

"Whilst mindful of wider global economic uncertainty, we remain confident in the long-term nature of our market growth drivers and the overall resilience of the Group.

"We believe the current environment also 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. We retain the ability and appetite to make value-accretive acquisitions."

Main image credit RWS Holdings.

By Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.