SDL plc Half Year Results for the Six Months Ended 30 June 2019
MAIDENHEAD, England--(BUSINESS WIRE)--Aug 6, 2019--
SDL plc (“SDL” or the “Group”), the global innovator in language translation technology, services and content management, today announces its half year results for the six months ended 30 June 2019.
1 Proforma is used for illustrative purposes based on unaudited management accounts of the pre-acquisition period of DLS
2 Adjusted operating profit: Operating profit before acquisition related amortisation and exceptional items (as reconciled on the income statement to the half year results)
3 Adjusted earnings: Profit after tax before the impact of exceptional items and acquisition related amortisation (as reconciled in note 5 of the half year results)
4 1H18 results have not been restated for the impact of IFRS 16 – Leases (see note 1 of the half year results)
5 Net cash: Net cash comprises cash and cash equivalents and external borrowings
6 Premium Services revenue: Comprises Regulated Language Services (Finance, Legal, Life Sciences) plus Marketing Solutions
7 Linguistic Utilisation: The percentage of time in-house linguists spent on billable work across the financial period
Adolfo Hernandez, CEO of SDL plc, said:
“ We are pleased to have delivered a good start to the year, which resulted in a 14% increase in adjusted diluted EPS over the prior year, benefiting from the acquisition of DLS and strong growth in key areas such as premium services and machine translation. During the first half, we continued to deliver on our transformation strategy, including the roll out of our automation programme, Helix, and completed the development of our next generation end-to-end translation platform, SDL Language Cloud, ahead of its launch in September. We enter the traditionally stronger second half with good sales momentum and a healthy sales pipeline. This, alongside the actions that we are taking on productivity, gives us confidence of delivering improved profitability for the full year, in line with management expectations.”
To see the full press release, please visit the investor relations section of our website.
SDL (LSE: SDL) is the global leader in content creation, translation and delivery. For over 27 years we’ve helped companies communicate with confidence and deliver transformative business results by enabling powerful experiences that engage customers across multiple touchpoints worldwide. Are you in the know? Find out why 90 of the top 100 global companies work with and trust us on SDL.com. Follow us on Twitter, LinkedIn and Facebook.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190805005664/en/
CONTACT: EnquiriesSDL plc 01628 410100
Adolfo Hernandez, CEO
Xenia Walters, CFOLuther Pendragon 0207 618 9100
Harry Chathli, Claire Norbury, Alexis Gore
KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: SDL plc
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PUB: 08/06/2019 02:15 AM/DISC: 08/06/2019 02:15 AM