UK's RWS Holdings sinks to over 14-yr low after flagging lower annual profit

RWS Holdings

24/04/2025 11:18

** Shares of RWS Holdings Plc RWS.L slump as much as 42% to 67p, their lowest since February 2011; stock top pct loser across London stocks

** Co forecasts FY25 adjusted pre-tax profit of 60 mln pounds-70 mln pounds ($79.8 mln-$93.1 mln), compared with 106.7 mln pounds reported for the prior year

** Four analysts on average were expecting annual profit of 97.3 mln pounds for the year ending September 30, according to estimates compiled by LSEG

** RWS says the further technology investments will result in an increase in overheads of about 8 mln pounds in FY25

** Currently stock down 41%, taking YTD losses to ~62%

($1 = 0.7518 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))