RWS Holdings plc provided earnings guidance for the year ended 30 September 2016. For the year, the company expects Group revenues to be not less than £122 million compared to £95.2 million in 2015, an increase of at least 28%. This strong performance has been driven by the core translations activities, an excellent eleven-month contribution from Corporate Translations Inc. Adjusted profit before tax (before amortisation of intangibles, share option costs and exceptional CTi acquisition costs) is expected to be not less than £30.5 million, an increase of 34%, reflecting the benefits of improved gross margins, the CTi acquisition and currency tailwinds. The Group’s financial position has continued to strengthen with shareholder funds expected to be approximately £107 million. The Group raised a five-year term loan of $45 million to part fund the CTi acquisition but, as a result of the Group’s strong cash generation, net debt has been reduced to £1.5 million as at 30 September 2016.