SDL plc - Trading Update
SDL Maidenhead, U.K. - 18 January 2010 - SDL plc, the leading provider of Global Information Management solutions, today announced that revenues and profits for the year ended 31 December 2009 are expected to be ahead of analyst expectations.
Revenue is expected to be in the range of £171m to £172m (2008: £158.8m) compared with analyst consensus expectations of £167.1m. Profits before taxation and amortisation of intangible assets ("PBTA") for the period are expected to be in the range of £29m to £30m (2008: £25.6m), compared with analyst consensus expectations of £28m. Net cash in the business at the end of the period was in excess of £45m (2008: £31.2m) after acquisitions.
Mark Lancaster, Chairman and Chief Executive Officer of SDL commented: "These are a strong set of results delivered against difficult global economic conditions. Whilst the macro economic conditions continue to carry uncertainty, these results, combined with increasing evidence of cross leveraging of SDL’s technology and services, provide a sound platform for future growth.”
SDL expects to announce preliminary results for the year ended 31 December 2009 on 1 March 2010 when further details will be given.
SDL plc Tel: 01628 410 127
Mark Lancaster, Chief Executive
John Hunter, Chief Financial Officer
Financial Dynamics Tel: 020 7831 3113
Edward Bridges/Juliet Clarke/Haya Herbert-Burns