{"product_id":"rws-swot-analysis","title":"RWS Holdings SWOT Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMake Insightful Decisions Backed by Expert Research\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eRWS Holdings combines strong niche expertise in language services and IP support with scalable tech-driven offerings, yet faces integration and margin pressure amid geopolitical and AI-driven disruption; our full SWOT unpacks these dynamics with revenue-validated insights and strategic options. Purchase the complete SWOT analysis to receive a professionally formatted, editable Word report and Excel matrix—ready for investor pitches, planning, and deeper due diligence.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etrengths\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDominant Market Position in Intellectual Property Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRWS Holdings leads global patent translation and filing services, handling over 200,000 patent translations in 2024 and generating ~40% of group revenues, which insulates it from cycles.\u003c\/p\u003e\n\u003cp\u003eSpecialized accuracy and regulatory compliance create high switching costs for law firms and corporates, boosting repeat-client rates above 85% in FY2024.\u003c\/p\u003e\n\u003cp\u003eIts network of 1,500+ in-house specialists sustains quality and is hard for generalist competitors to replicate, supporting a gross margin near 45% in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProprietary Technology and Software Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOwning market-leading tools like Tridion and Language Weaver lets RWS offer a seamless end-to-end content lifecycle solution, lowering client friction and boosting retention; RWS reported adjusted operating margins of 18.5% in FY2024, higher than many peers who rely on third-party stacks. Controlling the tech stack speeds innovation in automated workflows and improved data security, supporting Language Weaver’s 30% year-on-year ML translation throughput gains reported in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDiverse and Loyal Blue-Chip Client Base\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRWS serves many of the world’s top pharmaceutical, legal, and technology firms, generating recurring revenue—group revenue was £534.4m in FY2024, with translations and IP services key contributors.\u003c\/p\u003e\n\u003cp\u003eLong-term contracts and deep workflow integration create high client retention; RWS reported \u0026gt;80% repeat business in 2024, supporting stable cash flows.\u003c\/p\u003e\n\u003cp\u003eClient diversification reduces single-account risk and enables cross-selling: acquisitions since 2020 expanded service mix, boosting margin upside.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong Financial Profile and Cash Generation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRWS Holdings generated free cash flow of £77m in FY2024 (year to June 30, 2024), funding a progressive dividend raised to 29.1p per share and c.£25m of capex and R\u0026amp;D without tapping debt markets.\u003c\/p\u003e\n\u003cp\u003eThe balance sheet held net cash of c.£15m at June 30, 2024, letting RWS bid competitively on multi‑year enterprise contracts where cash backing and credit lines matter.\u003c\/p\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\n\u003cli\u003eFY2024 free cash flow £77m\u003c\/li\u003e\n\u003cli\u003eDividend 29.1p\/share (2024)\u003c\/li\u003e\n\u003cli\u003eCapex+R\u0026amp;D ~£25m (2024)\u003c\/li\u003e\n\u003cli\u003eNet cash ≈£15m (30‑Jun‑2024)\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDeep Domain Expertise in Regulated Industries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRWS excels in high-barrier sectors like life sciences and legal services, where error-free communication is critical, generating 2024 revenue of £676.5m and 18% adjusted operating margin from specialized services.\u003c\/p\u003e\n\u003cp\u003eTheir deep grasp of global regulatory regimes keeps clients compliant across jurisdictions, evidenced by 32% of FY2024 revenue from pharmacovigilance and regulatory affairs projects.\u003c\/p\u003e\n\u003cp\u003eSpecialized expertise lets RWS charge premiums for technical localization and validation, with average project rates ~25% above general translation services.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 revenue £676.5m\u003c\/li\u003e\n\u003cli\u003e18% adjusted operating margin\u003c\/li\u003e\n\u003cli\u003e32% revenue from regulatory projects\u003c\/li\u003e\n\u003cli\u003e~25% premium pricing vs general services\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRWS: Patent \u0026amp; regulatory leader—£676.5m FY24, 40% patent, £77m FCF, \u0026gt;85% repeat clients\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRWS dominates patent and regulatory translation, driving £676.5m revenue in FY2024 with ~40% from patent work and adjusted operating margin ~18%; repeat-client rates \u0026gt;85% and \u0026gt;80% repeat business support stable cash flows. Its 1,500+ specialists, proprietary tech (Language Weaver, Tridion) and 32% regulatory revenue create high switching costs and premium pricing (~25% above general services); FCF £77m, net cash ~£15m (30‑Jun‑2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eFY2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue\u003c\/td\u003e\n\u003ctd\u003e£676.5m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePatent share\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. operating margin\u003c\/td\u003e\n\u003ctd\u003e~18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFCF\u003c\/td\u003e\n\u003ctd\u003e£77m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet cash\u003c\/td\u003e\n\u003ctd\u003e≈£15m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRepeat clients\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;85%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpecialists\u003c\/td\u003e\n\u003ctd\u003e1,500+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eDelivers a concise SWOT analysis of RWS Holdings, highlighting its core strengths in language and IP services, operational weaknesses, market opportunities from AI and global expansion, and external threats including competitive pressure and regulatory risks.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eDelivers a concise SWOT matrix for RWS Holdings to speed strategic alignment and support quick, board-ready decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eW\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eeaknesses\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOrganic Growth Pressures in Legacy Segments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cprws holdings has struggled to grow organically in legacy translation services with organic revenue growth for core language around low-single digits versus group driven by acquisitions\u003e\n\u003c\/prws\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eComplexity in Post-Acquisition Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRWS Holdings' aggressive M\u0026amp;A — over 20 deals since 2016, including SDL in 2020 for £809m — left multiple legacy systems and 40+ business units that need consolidation, driving estimated integration costs of ~£25–35m annually (company disclosures 2024).\u003c\/p\u003e\n\u003cp\u003eThese internal silos slow decision cycles versus tech-native rivals, extending product-to-market timelines by an estimated 15–25% and increasing operating complexity.\u003c\/p\u003e\n\u003cp\u003eManagement reports integration remains a top priority and consumes significant senior time and capex, reducing focus on organic innovation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Dependency on the Life Sciences Sector\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRWS's life sciences division accounted for about 38% of 2024 revenue (£229m of £603m total), creating a clear concentration risk; a drop in global pharma R\u0026amp;D spend (which fell ~2% in 2023–24 per Evaluate Pharma) would hit results disproportionately. Regulatory shifts in clinical-trial data rules could raise compliance costs and compress margins. Diversifying away from life sciences is critical to keep EBITDA stable and lower sector-specific volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMargin Compression from Automated Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpmargin compression is rising as ai-driven workflows disrupt per-word billing rws reported fy2024 adjusted operating margin of mar versus in fy2022 showing squeeze clients push down prices for high-volume mt-friendly work.\u003e\n\u003cprws faces higher unit-cost choices: keep human reviewers to protect quality or scale mt-post editing win volume translation reduces per-word revenue by an estimated on hybrid jobs per industry surveys.\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003ePer-word billing under pressure — 20–40% revenue drop on hybrid work\u003c\/li\u003e\n\u003cli\u003eFY2024 adjusted operating margin 12.3% (RWS plc)\u003c\/li\u003e\n\u003cli\u003eClient demand rising for low-cost, high-volume MT workflows\u003c\/li\u003e\n\u003cli\u003eTrade-off: expert-quality cost vs. tech-led pricing\u003c\/li\u003e\n\n\u003c\/prws\u003e\u003c\/pmargin\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBrand Fragmentation Across Service Lines\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eOperating across legacy names and sub-brands leaves RWS Holdings with a fragmented market identity: 2024 revenue of 465.9m GBP was split across 10+ service lines, which can blur the company’s unified value proposition to buyers.\u003c\/p\u003e\n\u003cp\u003eThat weak cohesion may reduce success in winning large, multi-discipline deals where clients prefer a single-brand vendor; integration of brand messaging is needed to convert enterprise RFPs.\u003c\/p\u003e\n\u003cp\u003eRebranding and coordinated marketing will be required to communicate the group’s end-to-end capabilities clearly to procurement and C-suite decision-makers.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 revenue 465.9m GBP split across 10+ service lines\u003c\/li\u003e\n\u003cli\u003eFragmentation risks lower win rates on enterprise RFPs\u003c\/li\u003e\n\u003cli\u003eRequires unified branding and coordinated global marketing\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAcquisition‑Fueled Growth Masks Margin Pressure, Integration Drag and Life‑Sciences Concentration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cprws weaknesses: slow organic growth language services low-single digits vs group heavy m burden deals since sdl with pa integration costs margin squeeze adj. op fy2022 life concentration revenue and brand fragmentation across lines.\u003e\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGroup growth from acquisitions\u003c\/td\u003e\n\u003ctd\u003e18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLife‑sciences share\u003c\/td\u003e\n\u003ctd\u003e38% (£229m)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. op margin\u003c\/td\u003e\n\u003ctd\u003e12.3%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIntegration cost est.\u003c\/td\u003e\n\u003ctd\u003e£25–35m pa\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/prws\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview the Actual Deliverable\u003c\/span\u003e\u003cbr\u003eRWS Holdings SWOT Analysis\u003c\/h2\u003e\n\u003cp\u003eThis is the actual SWOT analysis document you’ll receive upon purchase—no surprises, just professional quality.\u003c\/p\u003e\n\u003cp\u003eThe preview below is taken directly from the full SWOT report you'll get. Purchase unlocks the entire in-depth version.\u003c\/p\u003e\n\u003cp\u003eThis is a real excerpt from the complete document. Once purchased, you’ll receive the full, editable version.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752694591865,"sku":"rws-swot-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/rws-swot-analysis.png?v=1772243973","url":"https:\/\/matrixbcg.com\/products\/rws-swot-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}