Profit warnings are back!
Having benefited from a benign period of government support and Covid understanding from the stock market, profit warnings are now seeing the sort of share price reactions one expects, with one company covered here seeing its shares sell-off substantially. We sense there could be many more warnings over the coming months as supply chain issues start to bite, potentially offering up some compelling buying opportunities for the long-term investor. (Free to read)
RWS Holdings: profit ahead RWS Holdings (AIM:RWS), the world's leading provider of technology-enabled language, content management and IP support services, reassured that adjusted profit before tax for the year ending 30 September would be ahead of consensus expectations, with revenue within the range of expectations. Market expectations are for revenue of £694m-£711m and pre-tax consensus of £111.6m. The performance reflects a stronger than expected margin driven by both an improved margin mix and the early stages of operational efficiencies from the integration of SDL into the Group. RWS has moved from a net debt position of £15.1m at 30 September…