RWS Holdings 2017 final results
Delivered record revenues and profits
Sales increased by 34.4% to £164.0m (2016: £122.0m)
o 8% organic growth, excluding acquisitions and currency movements
Adjusted operating profit was up 35.6% to £43.4m (2016: £32.0m)
Adjusted profit before tax rose by 41.5% to £43.3m (2016: £30.6m)
o Reflects 18% organic profit growth, 7% positive exchange rate movements and 16% from LUZ and CTi acquisitions net of associated loan interest costs
Reported profit before tax was up 35.1% to £33.9m (2016: £25.1m)
Adjusted earnings per share of 14.3p (2016: 10.9p), an increase of 31.2%
Basic earnings per share of 11.0p (2016: 9.0p), an increase of 22%
Final dividend of 5.20p (2016: 4.45p); total dividend increased by 16.1% to 6.5p (2016: 5.6p), continuing an unbroken series of dividend increases since flotation in 2003
Net debt at year end of £20.2m (2016: £1.5m), after the £74.8m cost of the acquisitions of LUZ and Article One Partners "AOP" and the £40.0m gross proceeds from the placing in February 2017.
