Trading Update (6497V)
January 17 2012 - 2:00AM
UK Regulatory
TIDMSDL
RNS Number : 6497V
SDL PLC
17 January 2012
17 January 2012
SDL plc
Trading Update
Maidenhead, U.K. - Tuesday 17 January 2012 - SDL plc, the
leading provider of Global Information Management solutions, today
announced that revenues and profits for the year ended 31 December
2011 are expected to be slightly ahead of analyst consensus
expectations.
Revenue is expected to be in a range of GBP228.5m to GBP229.0m
(2010: GBP203.5m) compared with analyst consensus expectations of
GBP228.3m. Profits before taxation and amortisation of intangible
assets ("PBTA") for the period are expected to be in the range of
GBP39.5m to GBP40.0m (2010: GBP35.4m), compared with analyst
consensus expectations of GBP39.2m. Net cash in the business at the
end of the period was slightly in excess of GBP70m (2010:
GBP46.6m).
Mark Lancaster, Executive Chairman of SDL commented:
"This is strong performance delivered against a challenging
macro-economic backdrop demonstrating the resilience, diversity,
differentiation and strong cash generation characteristics of our
business model. During the period we have demonstrated sound
progress in the execution of our strategy; investing for growth
through innovation and geographic expansion, completing several key
new product launches to schedule and desired market impact, and
completing the acquisition of Calamares, an enterprise solution for
video and rich media management. Excellent progress has been made
in new client acquisition for Global Information Management
solutions providing a solid foundation for 2012."
SDL expects to announce its preliminary results for the year
ended 31 December 2011 on 28 February 2012 when further details
will be provided.
As previously announced, the proposed acquisition of Alterian
plc is expected to complete on 27 January 2012. The necessary
Alterian shareholder approvals were received at a Court Meeting and
subsequent General Meeting held on 6 January 2012. The Directors
believe the addition of data analytics and social media monitoring
into our Global Information Management platform will further help
our customers to engage with their customers across multiple
languages, channels and cultures.
-ends-
Contacts:
SDL plc Tel: 01628 410 127
Mark Lancaster, Executive Chairman
John Hunter, Chief Executive Officer
Matthew Knight, Chief Financial Officer
FTI Consulting Tel: 020 7831 3113
Edward Bridges
Emma Appleton
Jon Snowball
This information is provided by RNS
The company news service from the London Stock Exchange
END
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