Intellectual property support services group RWS Holdings expects first-half revenue to be just slightly ahead of the same period the year before, held back by a continued weak performance in Berlin.
Revenue in the six months to March 31st 2012 is expected to be £33.5m, compared with £32.4m the year before, driven by the performance in RWS's core patent translations business and the initial benefit of strong subscriptions for the high-margin PatBase service.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Whilst RWS is not immune to global economic conditions, especially in the Eurozone, the provision of intellectual property support services has proved to be a resilient niche and we are well placed to continue to grow our share of the patent translation and intellectual property services markets," said Executive Chairman Andrew Brode.
Shares were down 1.66% at 526.12p in early trading on Tuesday.
BC
-
London Stock Exchange gets go-ahead to run Pisces private stock marketThe Pisces market will allow investors to buy and sell shares in private companies. But how will it work, when will it launch, and who is allowed to use it?
-
Could landlords face National Insurance on rental income?The Treasury is said to be considering a tax increase for landlords in an attempt to boost revenue in Rachel Reeves’s Autumn Budget
