SDL PLC Trading Update and Notice of Results (5677N)

TIDMSDL

RNS Number : 5677N

SDL PLC

21 January 2019

SDL plc

Trading Update and Notice of Results

21 January 2019, Maidenhead, U.K. - SDL plc ("SDL" or "the Group"), a leader in global content management and language translation software and services, is providing an update on its financial performance for the year ending 31 December 2018.

SDL plc is pleased to announce that it expects revenues to be in the range of GBP323m - GBP325m and adjusted EBITA(1) for the period to be in line with expectations, at no less than GBP28.5m (2017: GBP22.0m). All parts of the business have performed well.

Net cash at 31 December 2018, after the $77.5m acquisition of Donnelley Language Solutions and equity fundraising of GBP36.2m, was GBP14.4m (2017: GBP22.7m).

Adolfo Hernandez, CEO of SDL plc, commented:

'We are very pleased with the financial and strategic progress made in 2018, which has included the roll-out of our business automation platform, investment in our technology platforms and the acquisition of Donnelley Language Solutions, which was completed in July. We look forward to driving further strategic progress, profit growth and shareholder value in 2019.'

SDL will release its full year results on 20 March 2019.

(1) Adjusted EBITA is defined as earnings before interest, tax, amortisation of acquired intangibles and exceptional costs

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For further information please contact:

 
 SDL plc                          01628 410100 
 Adolfo Hernandez, CEO 
  Xenia Walters, CFO 
 
 FTI Consulting LLP               0203 727 1000 
 Ed Bridges / Darius Alexander

About SDL

SDL (LSE: SDL) is the global leader in content creation, translation and delivery. For over 25 years we've helped companies communicate with confidence and deliver transformative business results by enabling powerful experiences that engage customers across multiple touchpoints worldwide. Are you in the know? Find out why 89 of the top 100 global companies work with and trust us on SDL.com. Follow us on Twitter, LinkedIn and Facebook.

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