SDL announces Interim results for six months to June 30th, 2002
Substantial growth in all areas of the Group's business
SDL Maidenhead
,
United Kingdom
22 July 2002
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:-
- Revenue growth of 68% to $40.75 million *
- EBITDA profit of $1.60 million
- Retained cash resources of $7.25 million
- Successful integration of Alpnet Inc acquisition into Group operations
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
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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