SDL International, a leading provider of translation technologies and services for the global enterprise, has today announced its results for the six months to June 30th, 2002, which demonstrate the effectiveness of the Group's strategy of offering integrated translation solutions.
Highlights are:-
In commenting on the results, Mark Lancaster, Chairman and Chief Executive of SDL plc stated:-
"SDL has performed well above expectations for the first half of 2002, with a substantial increase over the corresponding period in 2001.
More importantly, we have returned to profitability, with an EBITDA of $1.60 million, from growth ahead of the industry average and despite continuing generally difficult trading conditions in our markets.
Contributions were enjoyed from the acquired Alpnet organisation, as well as from continuing operations. New business has also been won from clients such as CA, Canon and Cisco.
Sensible cost control has continued our tradition of a strong business management, whilst still maintaining measured investment in technology and attractive software applications - despite writing off all such expenditure as it is incurred.
In the Board's view, this strategy of investment in technology over the past 4 years will allow SDL to dominate the localization market in the coming years and is considered key to the Group performance in 2003 and 2004."
* Note: Dollar exchange rate at £1 : $1.45