|
RWS Holdings PLC on Tuesday said it is ‘acting decisively’, as it guided full-year adjusted earnings at the lower end of its guidance. The Maidenhead, England-based technology-enabled language services provider said it expects to deliver adjusted profit before tax of around £60 million for the year ended September 30, down around 44% from £106.7 million achieved the prior year. This figure falls within the company’s guidance range given at its first half results of between £60 million and £70 million for the full year. Shares in the company fell 14% to 80.50 pence on Tuesday afternoon in London. RWS noted that revenue on an organic constant currency basis was ‘broadly in line’ with the prior year’s £718.2 million, however, on a reported basis, revenue is expected to fall by around 3.9% to £690 million. The company said it continues to be well capitalised, supporting its growth plans. It added that the implementation of the new strategy it introduced in June is on track. The company expects that incoming chief financial officer Stephen Lamb will join the business in the first quarter of 2026. ‘We expect to deliver adjusted PBT for FY25 within our guidance range, driven by our sharp focus on efficiency which has led to improved performance in the second half,’ said Chief Executive Ben Faes. ‘The pace of change in our industry, fuelled by the global content explosion and rapid technology evolution, demands that RWS adapts quickly to succeed. We are acting decisively.’ RWS is scheduled to release its full-year results on December 11. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
