RWS (RWS) has been trading well since the beginning of its new financial year in October 2018, leading management to predict it would end the year “at least in line” with market expectations. House broker Numis is forecasting EPS growth of 15 per cent for the coming year, with EPS rising to 19.9p (from 17.3p in September 2018).
The improvement is partly due to a step-up in trading activity, but management also noted beneficial currency movements. (RWS has suffered in this regard, in large part due to the dollar exposure of Moravia, the localisation business it acquired in late 2017). RWS’s management continues to build out its services, recently bolstering its offering with the acquisition of Alpha Translations Canada, which specialises in legal and financial work.
