Here is a summary of the trading statement from RWS Holdings plc
RWS Holdings plc, a world-leading provider of language, content, and IP services, released its trading statement for the year ended September 30, 2024.
The Group returned to growth in the second half, with a 2% increase in organic constant currency (OCC) revenue, bringing the full year in line with the previous year.
The improved performance was driven by advancements in AI-led solutions, particularly TrainAI, Language Weaver, and Evolve, as well as continued growth in Language Services and IP Services.
However, adverse currency movements impacted reported revenues, resulting in a 2% decline to £718 million for the full year.
The Group expects to deliver adjusted PBT within market expectations, excluding currency movements.
RWS anticipates modest organic revenue growth for FY25, with volume growth offsetting price pressure, but expects foreign exchange to remain a headwind.
The Groups CEO, Ian El-Mokadem, highlighted the significant improvements in the second half and the encouraging traction of their AI-centred solutions.
RWSs full-year results will be announced on December 12, 2024.