RWS Holdings plc provided earnings guidance for the year ended 30 September 2018. For the period, the board expects Group revenues to be not less than £305 million, compared to £164 million in 2017, an increase of over 85%. This significant growth has been driven primarily by the acquisition of Moravia, in November 2017, together with solid performances across the Group's activities, and a favorable recovery in currency in the second half. Adjusted profit before tax (before amortization of intangibles, exceptional acquisition and related restructuring costs) is also expected to have grown and to be slightly ahead of market expectations, reflecting improved margin in the IP support services business as well as a markedly improved second half performance at Moravia. The Group continues to cash generation and has made good progress in reducing net debt to below £66 million at 30 September 2018, after the £242.3 million acquisition Moravia, which was funded by existing cash resources, an increase in debt facilities and net proceeds of £181.9 million from an equity placing. The Board anticipates that strong cash generation will continue to fund the Group's acquisition strategy and its progressive dividend policy.