SDL PLC Trading Update (6770B)
January 12 2018 - 1:00AM
UK Regulatory
TIDMSDL
RNS Number : 6770B
SDL PLC
12 January 2018
SDL plc
Trading Update
12 January 2018, Maidenhead, U.K. - SDL plc ("SDL" or "the
Group"), a leader in global content management and language
translation software and services, is providing a further update on
the trading performance for the year ending 31 December 2017, based
on unaudited results.
SDL expects to deliver Adjusted EBITA(1) for 2017 of
approximately GBP22 million, after R&D capitalisation of
c.GBP2.5 million. Group revenue is expected to be approximately
GBP285 million, with growth of c.8% over the prior year. As
previously disclosed, exceptional costs in 2017 will be
approximately GBP3.5m, primarily related to restructuring charges.
Net cash was in excess of GBP22 million at 31 December 2017.
In its December trading update, SDL advised that certain
software deals may not close by 31 December 2017 and this occurred
in a number of cases. The Group continues to work with customers to
sign these deals. Also as previously disclosed, SDL experienced a
faster, market-driven shift to Software-as-a-Service (SaaS) sales
in 2017 which impacted Group revenues by approximately GBP1 million
to GBP2 million.
The Group can also confirm that gross margins in the Language
Services division improved in the second half of 2017.
SDL will report its full year 2017 results on Tuesday 6 March
2018.
(1) Adjusted EBITA = Earnings Before Interest, Tax and
Amortisation of Acquired Intangibles and Exceptional Items
(Continuing Business)
For further information please contact:
SDL plc 01628 410100
Adolfo Hernandez, CEO
Xenia Walters, Interim
CFO
FTI Consulting LLP 0203 727 1000
Ed Bridges / Emma Hall
About SDL
SDL (LSE:SDL) is the global innovator in language translation
technology, services and content management. Over the past 25 years
we've helped companies deliver transformative business results by
enabling powerful, nuanced digital experiences with customers
around the world. Are you in the know? Find out why 78 out of the
top 100 global brands work with us 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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