logo image
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • Design Thinking – February 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs
MENU
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • Design Thinking – February 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Advertise on Slator! Download the 2021 Online Media Kit Now

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
Annual Results: RWS Reports Pre-Tax Profit of £20.7M, Grows Sales by 2% to £95.2M

5 years ago

December 9, 2015

Annual Results: RWS Reports Pre-Tax Profit of £20.7M, Grows Sales by 2% to £95.2M

Financial Results ·

by Gerard Castañeda

On December 9, 2015

5 years ago
Financial Results ·

by Gerard Castañeda

On December 9, 2015

Annual Results: RWS Reports Pre-Tax Profit of £20.7M, Grows Sales by 2% to £95.2M

UK-based RWS Holdings released its preliminary results for the year ended 30 September 2015. The company, which is listed on the London Stock Exchange’s AIM market (LON: RWS), reported a 6% increase in their pre-tax profit of £20.7m ($31.1m) for the year versus £19.6m ($29.4m) in 2014.

The 6% increase in profits was on the back of a 2% increase in sales for RWS. RWS reported sales of £95.2m ($143.2m) for the year from £93.6m ($140.8m) in 2014. Sales at the intellectual property support and translation unit are up by 5% on a constant currency basis.

RWS saw a 2% increase in sales for its patent translations business. This segment accounts for 55% of RWS’ revenues. New clients and the increase in patent applications after the 2011 America Invents Act were some of the factors that helped RWS increase sales in this segment.

Advertisement

Data from the U.S. Patent Statistics office shows that total patent translations have grown from 535,188 in 2011, when the America Invents Act was signed, to 615,243 in 2014.

Inovia, RWS’ foreign patent filing unit, was able to grow revenues by 5% to £20.4m ($30.6m) compared to £19.4m ($29.2m) in 2014. “Strong growth” in China and Japan also helped push sales higher for the year. The strong British Pound negatively impacted reported revenues by £2.9m ($4.3m).

RWS’s acquisition of Corporate Translations Inc. (CTi) for $70m was also mentioned. Chairman Andrew Brode said CTi “is performing well and its leadership in a growing market combined with the benefit of RWS’ strong foothold in Europe leaves it well placed to deliver further growth in 2016.”

RWS seeks to benefit from CTi’s presence in the USA as well as its “extraordinary penetration of the blue chip life science community.” RWS’s acquisition of CTi is “expected to be immediately and significantly earnings enhancing”, assuming CTi reaches its ambitious $7m EBITDA target for the year ended 31 December 2015 versus $4.8m in the previous year.

A final dividend of 3.85p per share was also announced, and with the 1.03p dividend paid out in July, brings the total payout for the year to 4.88p per share.

TAGS

CTiinovialife sciencespatent translationRWS
SHARE
Gerard Castañeda

By Gerard Castañeda

Research Associate for Slator.com. Runs, bikes, and climbs mountains for fun.

Advertisement

SUBSCRIBE TO THE SLATOR WEEKLY

Language Industry Intelligence
In Your Inbox. Every Friday

SUBSCRIBE

SlatorSweepSlatorPro
ResearchRFP CENTER

PUBLISH

PRESS RELEASEDIRECTORY LISTING
JOB ADEVENT LISTING

Bespoke advisory including speaking, briefings and M&A

SLATOR ADVISORY
Advertisement

Featured Reports

See all
Slator 2020 Language Industry M&A and Funding Report

Slator 2020 Language Industry M&A and Funding Report

by Slator

Slator 2021 Data-for-AI Market Report

Slator 2021 Data-for-AI Market Report

by Slator

Slator 2020 Medtech Translation and Localization Report

Slator 2020 Medtech Translation and Localization Report

by Slator

Pro Guide: Sales and Marketing for Language Service Providers

Pro Guide: Sales and Marketing for Language Service Providers

by Slator

Press Releases

See all
Rheinschrift Language Services – Strategic Improvements and Workforce Expansion in 2021

Rheinschrift Language Services – Strategic Improvements and Workforce Expansion in 2021

by Rheinschrift Language Services

Memsource Acquires Phrase

Memsource Acquires Phrase

by Memsource

Across Systems will be part of the Volaris Group

Across Systems will be part of the Volaris Group

by Across Systems GmbH

Upcoming Events

See All
  1. Memsource MT Post-Editing Pricing Models Webinar

    Pricing Models for MT Post-Editing Workshop

    by Memsource

    · February 3

    Hear a panel of innovative localization professionals share different approaches for MT post-editing pricing.

    More info FREE

Featured Companies

See all
Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

Seprotec

Seprotec

Versacom

Versacom

SDL

SDL

Smartling

Smartling

Lingotek

Lingotek

XTM International

XTM International

Smartcat

Smartcat

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Why Netflix Shut Down Its Translation Portal Hermes

Why Netflix Shut Down Its Translation Portal Hermes

by Esther Bond

Top Language Industry Quotes of 2020

Top Language Industry Quotes of 2020

by Monica Jamieson

The Slator 2020 Language Service Provider Index

The Slator 2020 Language Service Provider Index

by Slator

SlatorPod: The Weekly Language Industry Podcast

connect with us

footer logo

Slator makes business sense of the language services and technology market.

Our Company

  • Support
  • About us
  • Terms & Conditions
  • Privacy Policy

Subscribe to the Slator Weekly

Language Industry Intelligence
In Your Inbox. Every Friday

© 2021 Slator. All rights reserved.

Sign up to the Slator Weekly

Join over 13,000 subscribers and get the latest language industry intelligence every Friday

Your information will never be shared with third parties. No Spam.