SDL 2016 Year-end Trading Update
20 January 2017 - Maidenhead, U.K. - SDL plc (“SDL”; LSE: SDL), the global innovator in language translation technology, services and content management, provides an update on trading performance for the year ended 31 December 2016 based on unaudited results.
Key highlights:
- Continuing Operations revenue and PBTA (profit before taxation, amortisation of intangible assets and one-off costs) are both expected to be slightly ahead of market expectations.
- Whilst there has been some foreign exchange tailwind at the top line, because a large proportion of our costs are denominated in foreign currencies, the PBTA margin % is anticipated to be in line with market expectations.
- Good progress continues to be made in executing the new strategic plan.
All businesses have performed well, with strengthened recurring and repeat revenues evidenced. The 2016 outcome represents a sound underlying performance, underpinned by SDL’s strong customer relationships, delivered during a period of ongoing investment, organisational change and transition.
Original Article: