RWS Annual Report 2022 web - Flipbook - Page 17
MEDIUM-TERM STRATEGY AND ACCELERATED GROWTH PLAN
In the first half of the year we conducted a comprehensive
review of our strategy. With the integration of SDL
completed, it was an opportunity to develop a refreshed
plan for the next phase of development for the Group.
Consulting widely, using independent expertise and
detailed growth forecasts, we created a focused,
ambitious and grounded five-year accelerated growth
plan, a fresh set of values, and a new purpose for the
Group – unlocking global understanding.
The strategy is centred on organic growth – to drive cash
generative enhanced profitability. It will be enabled by a
series of transformation investments that will deliver an
efficient and sustainable platform business and will have
the sector’s strongest production engine, which we have
named Language eXperience Delivery ("LXD"), at its heart.
We have identified a range of growth initiatives, in both
existing markets and in adjacencies, that will allow us to
capitalise on our strengths and deliver value to our clients,
as well as pivoting towards a greater proportion of our
revenues being derived from higher growth segments.
The opportunity for RWS is significant, operating in
markets with an estimated combined size of £47bn1, and
we have scope to take advantage of M&A opportunities
due to the often fragmented nature of these markets.
Conscious of the evolving nature of client needs in the
end markets that we serve, and with an exciting suite
of language and content technology products, we
believe that we have the right blend of human expertise
and software solutions to successfully meet any client
requirement. Our solutions range from localising
content for life-saving applications and global eLearning
platforms, to data labelling and text analytics that offer
clients valuable insight in a single language. Through
content transformation and multilingual data analysis, we
help our clients to grow by ensuring they are understood
anywhere, in any language. We continue to partner with
many of the world’s leaders in their respective markets.
16
9
19
19
18
18
clients on Fortune’s top 20
'Most Admired Companies' list
out of the globe's top 20
pharmaceutical companies
out of the globe's top 20
medical device companies
10
out of the globe's top 10
contract research organisations
out of the globe's top 10
investment banks
out of the globe's top 20
asset management companies
out of the globe's top 20 law firms
18
out of the top 20 patent filers
We regard technological change as an enabler for
our sector and for our business. Technology expands
the range of content that can be localised and brings
added sophistication to the solutions that we provide
– regardless of content type, quality and urgency. With
the continued explosion in the volume of content being
created and requiring localisation (see p.13), we are
confident that technology is an opportunity for RWS.
1 Sources:
OC&C, Slator, CSA, WIPO, EPO, Companies House
STRATEGIC REPORT RWS — Annual Report 2022
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