REG - RWS Holdings PLC - AGM Statement

RWS HoldingsAnnouncement

11/02/2025 07:15

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RNS Number : 5921W  RWS Holdings PLC  11 February 2025

For immediate
release
11 February 2025

 

RWS Holdings plc

AGM Statement

 

RWS Holdings plc ("the Group" or "the Company"), a unique world-leading
provider of technology-enabled language, content and intellectual property
services, is today holding its Annual General Meeting at which Julie Southern,
Chairman, will make the following remarks:

"The Company continued to deliver on its medium-term strategy in FY24, having
returned to growth in the second half of the year on an organic constant
currency ("OCC") basis. Client retention levels remained high, client
satisfaction improved and we achieved significant new wins. The Group's
investments in growth initiatives and the efficiency actions that we have
taken in line with our strategy are enabling us to successfully pivot towards
both AI-led and more specialist solutions, facilitating a more resilient
performance.

Current trading and outlook

 

"We are encouraged by another period of OCC growth in the first quarter of
FY25, supported by strong volumes in our services divisions. Nevertheless, we
continue to experience some challenges in relation to both price and mix. We
are seeing more evidence of the success of our pivot towards the growth focus
areas outlined at the FY24 results, with ongoing momentum in the Language
& Content Technology division and in TrainAI, our data training business.

 

"Our cost control programme is progressing well, with the majority of these
benefits realised in the second half, as planned. We continue to look for
opportunities to drive efficiencies through process improvement and increased
use of technology.

 

"In line with our previous guidance, we expect to deliver modest OCC revenue
growth in FY25, with growth in volumes anticipated to more than offset ongoing
price pressure."

 

 

For further information, please contact:

 RWS Holdings plc

 Julie Southern, Chairman                              01753 480200

 Ben Faes, Chief Executive Officer

 Candida Davies, Chief Financial Officer

 MHP (Financial PR advisor)                           rws@mhpgroup.com (mailto:RWS@mhpgroup.com)

 Katie Hunt / Eleni Menikou                           020 3128 8100

                                                      07884 494112

 Deutsche Numis (Nomad & Joint Broker)

 Stuart Skinner / William Wickham                     020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Mike Burke / Milo Bonser   020 3207 7800

 

 

About RWS:

 

RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our combination of AI-enabled
technology and human expertise helps our clients to grow by ensuring they are
understood anywhere, in any language.

 

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

 

Over the past 20 years we've been evolving our own AI solutions as well as
helping clients to explore, build and use multilingual AI applications. With
45+ AI-related patents and more than 100 peer-reviewed papers, we have the
experience and expertise to support clients on their AI journey.

 

We work with over 80% of the world's top 100 brands, more than three-quarters
of Fortune's 20 'Most Admired Companies' and almost all of the top
pharmaceutical companies, investment banks, law firms and patent filers. Our
client base spans Europe, Asia Pacific, Africa and North and South America.
Our 60+ global locations across five continents service clients in the
automotive, chemical, financial, legal, medical, pharmaceutical, technology
and telecommunications sectors.

 

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

 

For further information, please visit: www.rws.com
(https://protect.checkpoint.com/v2/___http:/www.rws.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpmNjJiOGZiNzE4ODc2Y2QyMGJlNzgyOGYzOGRmYzNiYjo2OjczYzc6OWI2MmQ4YmYxNGM5ZmI4OTcwN2Q1YjQyM2M2MTFmMWIwNDZkM2NkYzFmMjgxY2M5MzRjNTQxY2M3MTEyN2VjMTpwOlQ6Tg)
.

 

 

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