SDL Sdl Plc

SDL PLC - Preliminary Results for the Year ended 31 December 2003 LONDON, February 23 /PRNewswire/ -- SDL plc ("SDL" or "the Group"), the globalisation products and solutions company, is pleased to announce its unaudited preliminary results for the year ended 31 December 2003. Highlights: - Turnover up over 11% to GBP64.4m (2002: GBP58.0m). Organic growth continues. - Pre tax profit (before amortisation of goodwill and intangibles) of GBP4.1 m (2002: profit of GBP1.2m) - EBITDA profit of GBP5.7m (2002: profit of GBP3.0m) after software development costs of GBP2.6m (2002: GBP3.0m), which are written-off as incurred - Loss on ordinary activities before taxation of GBP0.8m (2002: loss of GBP3.5m) - Loss per share of 3.30p per share (2002: loss of 7.10p per share) - Net funds of GBP7.2m (2002: GBP4.6m) Commenting on the preliminary results Mark Lancaster, Chairman and Chief Executive of SDL, said: "SDL is now an established global leader in the localisation and translation market, with a significant global infrastructure to build on, and the technology to support that infrastructure. Having completed the majority of this necessary investment, we are able to address the broad spectrum of translation needs of the global market. We have completed the development of our Knowledge-based Translation System (KbTS), a combination of our technology investment and service offering. KbTS extracts significant efficiencies through technology and thereby de-couples increases in revenue from headcount requirements." "SDL is the only translation company to own significant technological intellectual property in the translation and localisation industry, and this, combined with our global services infrastructure, will position us well to meet the evolving market needs. The acceptance of our new KbTS products in the latter half of 2004, will strengthen SDL's position in serving global market growth." Background information About SDL: SDL (London Stock Exchange: "SDL") is the world's leading provider of multilingual service and software solutions. Its comprehensive and integrated offerings include multilingual content and globalisation management solutions, real-time translation technologies, translation memory and a full range of internationalisation and localisation services. Since its founding in 1992, SDL has worked with numerous blue chip companies in defining and executing on their global business strategies, including Rockwell, Morgan Stanley, Hewlett-Packard, Sony, Adobe, Kodak, Siebel, Microsoft, Sun Microsystems, William Hill, 3Com, Canon, IBM, Oracle and Volvo. With more than 1200 staff, the company maintains its headquarters in the U.K., and has 40 offices across North America, Asia and Europe. http://www.sdl.com The full press release including the following attachments is available from www.sdl.com. Chairman and Chief Executive's statement Unaudited Consolidated Profit and Loss Account Unaudited Consolidated Balance Sheet Unaudited Consolidated Cash Flow Statement Notes to the unaudited Financial Statements DATASOURCE: SDL Plc For further informationplease contact: SDL plc, Mark Lancaster, Chairman and Chief Executive, On 23 February 2004 tel: +44 020 7831 3113, Thereafter tel: +44 01628 410 127; Financial Dynamics, Edward Bridges/Ben Way, Tel: +44 020 7831 3113

Copyright