SDL PLC Trading Update (4454C)
19 January 2015 - 6:00PM
UK Regulatory
TIDMSDL
RNS Number : 4454C
SDL PLC
19 January 2015
SDL plc
Year-end Trading Update
19 January 2015, Maidenhead, U.K.- SDL plc ("SDL": LSE: SDL), a
leader in Customer Experience Management solutions, announces draft
unaudited key financial data for the year ended 31 December
2014.
- Profit before taxation and amortisation of intangible assets
("PBTA") for the year is expected to be in the range of GBP16.0m to
GBP17.0m (2013: GBP8.2m).
- Revenue is expected to be in the range of GBP260.0m to
GBP261.0m, up 3% at constant currency (2013: GBP253.6m at constant
currency or GBP266.1m at reported currency).
- Technology segment new licence bookings had a year of
excellent growth, up 15% at constant currency.
- Language Services continues to deliver increased margins with
significant earnings growth at gross and net margins. This segment
delivered gross margins of 45% (2013: 42%).
- During the year, net cash in the business increased by
GBP14.9m. Net cash at the end of the year was GBP13.1m (2013: net
debt of GBP1.8m).
Commenting on today's announcement, Mark Lancaster said:
"This has been a remarkable year for SDL. We invested for the
long-term back in January 2013 and by the end of 2014 we are seeing
not just recovery, but excellent new bookings growth in our
technology business and solid contribution in our language services
business, delivering good cash conversion for the Group at this
relatively early point in the turnaround programme.
We have spent the last 2 years creating the right structure,
systems and processes to enable SDL to deliver in the new digital
world. This involved tremendous upheaval and disruption essential
to achieve our long term goal of exceeding the levels of growth and
profitability we achieved in the prior 10 years. There is still
investment to do and we will continue to make these investments to
deliver long-term growth and profit. I am more comfortable than I
have ever been in the structure, process and people we have at SDL.
It has been a very hard two years with significant change, and it
is a credit to all the staff that have delivered this result."
SDL expects to announce its preliminary results for the year
ended 31 December 2014 on 10 March 2015 when further details will
be provided.
For further information, please contact:
SDL plc Tel: 01628 410
127
Mark Lancaster, Chief Executive
Officer
Dominic Lavelle, Chief Financial
Officer
FTI Consulting Tel: 020 3727
1000
Edward Bridges / Emma Appleton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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