Trading Update (5229Z)
January 17 2011 - 2:00AM
UK Regulatory
TIDMSDL
RNS Number : 5229Z
SDL PLC
17 January 2011
SDL plc
Trading Update
Maidenhead, U.K. - Monday 17 January 2011 - SDL plc, the leading
provider of Global Information Management solutions, today
announced that revenues and profits for the year ended 31 December
2010 are expected to be ahead of analyst consensus
expectations.
Revenue is expected to be in the range of GBP202.5m to GBP203.5m
(2009: GBP171.9m) compared with analyst consensus expectations of
GBP191.1m. Profits before taxation and amortisation of intangible
assets ("PBTA") for the period are expected to be in the range of
GBP34.5m to GBP35.5m (2009: GBP29.8m), compared with analyst
consensus expectations of GBP33.9m. Net cash in the business at the
end of the period was in excess of GBP46m (2009: GBP46.2m) after a
net GBP25.9m cash outflow due to acquisitions.
Mark Lancaster, Chairman and Chief Executive Officer of SDL
commented:
"These are excellent results delivered in a difficult global
economic climate. These results have been delivered in a year when
we have made significant organic investment in the business and two
long term strategic acquisitions in order to position SDL for
future growth. We have made good progress in executing against our
strategy and have introduced several new innovations to market. The
level of adoption of our integrated end to end service and
technology is particularly pleasing, extending our Global
Information Management solutions into key accounts such as Saab,
United Airlines, Dassault Systemes, Fidelity Investments and LG.
During the year we added industry leading machine translation
capability to our solution set with the acquisition of Language
Weaver and further expanded content creation capabilities to non-
technical authors with the acquisition of Xopus. These businesses
are integrating well and performing to our expectations. We believe
we are well positioned for the future."
SDL expects to announce preliminary results for the year ended
31 December 2010 on 7 March 2011 when further details will be
given.
-ends-
Contacts:
SDL plc Tel: 01628 410
127
Mark Lancaster, Chief Executive
Officer
John Hunter, Chief Financial Officer
Financial Dynamics Tel: 020 7831
3113
Edward Bridges/Juliet Clarke/Haya
Herbert-Burns
This information is provided by RNS
The company news service from the London Stock Exchange
END
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