SDL PLC Interim Results for the Six Months Ended 30 June 2008
Market Wire, August, 2008
SDL plc (LSE: SDL) ("SDL" or "the Group"), a leader in the emerging market for Global Information Management (GIM) solutions, is pleased to announce its unaudited interim results for the six months ended 30 June 2008.
Unaudited Unaudited
6 months 6 months
to to
30 June 30 June
2008 2007
GBP'000 GBP'000 %Change
Income Statement:
Revenue 76,007 54,478 40%
Profit before tax and amortization of
intangible assets 11,864 8,714 36%
Profit before tax 9,148 7,178 27%
Earnings per ordinary share - basic (pence) 8.82 7.70 15%
Adjusted earnings per ordinary share - basic
(pence)* 11.55 9.52 21%
Balance Sheet:
Total equity 125,452 101,771
Cash and cash equivalents 15,978 15,965
Interest bearing loans and borrowings (7,156) (11,552)
* Note - the adjusted earnings per share comparatives have been restated to reflect the tax effects of the amortization of intangible fixed assets. Previously the Group added back the amortization only and not the related tax benefit / charge.
Highlights:
-- Results significantly ahead of expectations
- 24% organic revenue growth (16% in constant currency)
- 16% of revenue growth from acquisitions
-- Good growth across all divisions:
- Technology segment revenue doubled to £25m
-- 40% organic growth
-- Full 6 months contribution from Tridion
- Translation Services revenue up 20%
-- New customers include:
- Cerner, Premier Farnell and Genzyme (SDL Enterprise Products)
- Metlife, State of Minnesota, Hughes and Boston Consulting
(SDL Tridion)
-- Successful integration of Idiom
-- Strong cash flow from operations at £8.4m
Mark Lancaster, Chairman and Chief Executive of SDL, commented:
"I am particularly pleased with the performance of the Group in the first half. Our GIM business continues to gain traction as companies increasingly need to unify the entire localization supply chain, demonstrated by a good performance from the core technology operations as well as a full six months contribution from Tridion. In translation services the Group's business process outsourcing supports a large part of the underlying organic growth, in particular with those existing clients with the GIM technology platform. The integration of Idiom is continuing in line with expectations and remains on target to achieve break-even at the operating margin by the end of the year.
"Creating and managing global content is SDL's business and the strong results for the first half of 2008 support the view that it remains a high priority for global businesses generally. Despite a deterioration in the global macro-economic environment, SDL is continuing to see positive trading across most of the markets for the services and technology businesses. We continue to carefully monitor the macro-economic conditions, which could cause a reduction in translation services or technology solutions spend. However, we have entered the second half of the financial year with a strong sales pipeline that gives us confidence for the year as a whole."
About SDL
SDL is the leader in Global Information Management (GIM) solutions that empower organizations to accelerate the delivery of high-quality multilingual content to global markets. Its enterprise software and services integrate with existing business systems to manage the delivery of global information from authoring to publication and throughout the distributed translation supply chain.
Global industry leaders rely on SDL to provide enterprise software or hosted services for their GIM processes, including ABN-Amro, Best Western, Bosch, Canon, Chrysler, CNH, Hewlett-Packard, Microsoft, Philips, SAP, Sony, SUN Microsystems and Virgin Atlantic.
SDL has implemented more than 480 enterprise GIM solutions, has deployed over 150,000 software licenses across the GIM ecosystem and provides access to on-demand translation portals for 10 million customers per month. Over 1,000 service professionals deliver consulting, implementation and language services through its global infrastructure of more than 50 offices in 30 countries. For more information, visit www.sdl.com All trademarks are the property of their respective owners.
For further information please contact: SDL plc Tel: 01628 410 127 Mark Lancaster Chief Executive Alastair Gordon Finance Director Financial Dynamics Tel: 020 7831 3113 Juliet Clarke/Helen Thomas
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders


