SDL PLC 2016 Year-end Trading Update (6690U)
20 January 2017 - 6:00PM
UK Regulatory
TIDMSDL
RNS Number : 6690U
SDL PLC
20 January 2017
SDL plc
2016 Year-end Trading Update
20 January 2017- Maidenhead, U.K. - SDL plc ("SDL"; LSE: SDL),
the global innovator in language translation technology, services
and content management, provides an update on trading performance
for the year ended 31 December 2016 based on unaudited results.
Key highlights:
-- Continuing Operations revenue and PBTA (profit before
taxation, amortisation of intangible assets and one-off costs) are
both expected to be slightly ahead of market expectations.
-- Whilst there has been some foreign exchange tailwind at the
top line, because a large proportion of our costs are denominated
in foreign currencies, the PBTA margin % is anticipated to be in
line with market expectations.
-- Good progress continues to be made in executing the new strategic plan.
All businesses have performed well, with strengthened recurring
and repeat revenues evidenced. The 2016 outcome represents a sound
underlying performance, underpinned by SDL's strong customer
relationships, delivered during a period of ongoing investment,
organisational change and transition.
SDL's audited preliminary results for the year ended 31 December
2016 will be announced on Tuesday, 7 March 2017.
Commenting on today's announcement, Adolfo Hernandez, CEO of
SDL, said:
"We have made significant progress in 2016; we've built the
team, focused the strategy, stabilised the business, made changes
to regain Customer intensity and made important choices in relation
to future investment.
Our Transformation program is well underway and our new go to
market model is acutely focused on key accounts and cross selling
opportunities as we endeavour to create a more agile and scalable
platform to compete even more effectively as one of the leaders in
our industry.
SDL has the right strategy in place and I am excited about the
opportunities ahead of us."
For further information, please contact:
SDL plc Tel: 01628 410
127
Adolfo Hernandez, Chief Executive
Officer
Dominic Lavelle, Chief Financial
Officer
FTI Consulting LLP Tel: 020 3727
1000
Edward Bridges / Emma Appleton
About SDL
SDL (LSE: SDL) is the global innovator in language translation
technology, services and content management. For more than 20
years, SDL has transformed business results by enabling nuanced
digital experiences with customers across the globe so they can
create personalized connections anywhere and on any device. Are you
in the know? Find out more at SDL.com and follow us on Twitter,
LinkedIn and Facebook.
This information is provided by RNS
The company news service from the London Stock Exchange
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