SDL plc, the leading provider of Global Information Management ("GIM") solutions, today publishes its Interim Management Statement for the period from 1st July 2009 to 13th October 2009, as required by the Listing Authority disclosure rules
Performance is in line with consensus expectations, with both revenue and operating profit slightly ahead of 2008.
On a divisional basis demand in Translation Services, whilst still showing the impact of the global economy in some verticals, has been stable with some recent improvement in back order pattern. Performance in Global Information Management Technology remains robust, continuing to display resilience to general economic conditions. It has been pleasing to see some significant new wins in both divisions with clients such as Vestas Wind Systems, American Heart Association, Nexway and De Nederlandse Bank. The wins demonstrate the strength of the SDL technology offer,its global reach and also that cross leveraging continues to gain real traction.
Cash flow remains strong and a positive performance factor.
The acquisition of XyEnterprise has generated some exciting initial interest in the market and the integration is proceeding to schedule.
SDL believes that its combination of technology and services, along with its spread of industry verticals and geographies continue to offer excellent defensive characteristics with potential for stable short term performance and long term value creation.
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