Continuing take-up of Global Information Management supports strong growth across business
SDL Maidenhead, UK - 4th August 2009 - SDL plc (“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 30th June 2009.
|Profit before tax and amortisation of intangible assets||14,519||11,864||+22%|
|Profit before tax||11,779||9,148||+29%|
|Earnings per ordinary share - basic (pence)||11.41||8.82||+29%|
|Adjusted earnings per ordinary share – basic (pence)||14.02||11.55||+21%|
|Statement of Financial Position:|
|Cash and cash equivalents||32,919||15,978|
|Interest bearing loans and borrowings||-||(7,156)|
- Results in line with expectations
- Headline sales growth of 10%
o 9% organic growth, 1% increase due to 2008 acquisitions
- Positive revenue growth from both segments
o Technology segment grew by 18% (20% currency benefit, 4% increase due to acquisitions, 6% decrease at constant currency)
o Translation services growth of 6%, (20% currency benefit, 14% decrease at constant currency)
- Cross leverage improving – integrated selling of SDL Tridion, SDL Trisoft and Language Technology
- Progress in operating margin development and efficiency gains initiated
- XyEnterprise acquisition provides another step to true GIM leadership and enterprise content management
- Careful and measured cost controls in place, but with continued investment into key areas of the business
- Strong cash generation and net cash position of £32.9m
Mark Lancaster, Chairman and Chief Executive of SDL, commented:
“I am particularly pleased to be able to report a solid half year of further progress for SDL, against a difficult macro economic climate. We have delivered both revenue and operating profits in the first half which are significantly ahead of the prior year, with positive organic growth in both technology and translation services, albeit aided by favourable currency movements. This continues the track record of a consistent year on year improvement in performance and demonstrates the resilience of our business model. Our cash generation was very strong and the strength of the balance sheet, with £32.9m of net cash and no debt, provides considerable financial flexibility and security.
“We believe we are starting to see real momentum in the realization of our GIM strategy and it has been particularly rewarding to see the recent acquisitions of Tridion, Idiom and Trisoft all generate very positive momentum in the first half of the year.
“The acquisition of XyEnterprise, a recognized leader in Component Content Management and Dynamic Publishing solutions, extends the range of solutions available to our clients and is a further strategic step in our end-to-end GIM technology offer.
“Given the global macro-economic environment, our approach to managing the business will remain measured and appropriately cautious for the rest of 2009; however the resilient performance in the first half provides a sound platform for us to continue to deliver to expectations.
I remain confident that the business is positioned for continued long-term growth and value creation for our shareholders.”
For further information please contact:
|SDL plc||Tel: 01628 410 127|
|Mark Lancaster, Chief Executive
John Hunter, Finance Director
|Financial Dynamics||Tel: 020 7831 3113|
|Edward Bridges /Juliet Clarke /Emma Appleton|
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 500 enterprise GIM solutions, has deployed over 170,000 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 32 countries. For more information, visit www.sdl.com
All trademarks are the property of their respective owners.