SDL PLC INTERIM RESULTS FOR THE SIX MONTHS TO 30TH JUNE 2000
SDL Maidenhead
,
United Kingdom
04 April 2000
SDL plc ("SDL International" or "the Group"), the globalization products and solutions company, is pleased to announce its results for the six months to 30th June 2000.
Highlights:
- Turnover up 93% to £11.6m (1999: £6.0m) with sales from existing operations up over 63%
- Operating profits before depreciation and goodwill (EBITDA) of £691,000, an increase of 146%
- Successful launch of SDLWebFlowTM ahead of schedule in February 2000
- Acquisition of ITP ("ITP" or "SDL Global Solutions") for £14.5m, and rights issue raising £21m net in May 2000
- Since its acquisition, the SDL Global Solutions business has been turned round from loss making to breakeven
- Acquisition of Translation Craft products and integration of ITP technology, strengthening product solutions offering
- Strong growth in sales of SDLWebFlowTM and SDLXTM software, with an increasing percentage of product and related service sales to overall turnover of 14% (nil% during the same period in 1999)
- Net cash balances of £11.5m
- Earnings per share of 0.10p (1999 - loss of 0.53p)
- Appointment of Keith Mills as Technical Director with immediate effect
- Commenting on the results Mark Lancaster, Chairman and Chief Executive of SDL International said:
"These excellent results reflect the successful strategy of having invested in on-line multilingual content management software and service solutions over the past three years. Since the launch of SDLWebFlowTM in February, we have been delighted by our existing customers' response to the product and in the interest generated from potential new customers. In addition, the turnaround of the ITP business we bought in May this year has been faster than anticipated and will provide a strong platform for growth."
"Our focus continues to be on businesses which have major international sales strategies through the use of the Internet. We are seeing our traditional blue chip clients increasingly entering this space and now have the resources to service this increasing demand and the ability to provide a complete globalization solution. With the solid earnings from the Services Division, providing strong cash flow, combined with the continued investment in software, product marketing and sales, the Directors remain confident that SDL International is in an ideal position to continue to deliver strong growth going forward."
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
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