SDL Plc Interim Management Statement

SDL Plc Interim Management Statement

Maidenhead, UK


SDL plc., a leader in Global Information Management solutions, today publishes its Interim Management Statement incorporating the period from 1 July 2012 to 30 September 2012, as required by the Listing Authority disclosure rules.

Performance for the third quarter of 2012 was broadly in line with management expectations at the Group level. Most of the growth continued to come predominantly from language services, whilst technology revenues continue to be suppressed. We are starting to see increased cash inflow in the business as Alterian re-structuring and process unification is completed. We continued our investments into technology innovation and feel confident this will deliver long-term growth to the business.

The Alterian business has integrated well into the SDL Group, performing ahead of our expectations in cultural fit, product fit and financial results. We are excited about the future marketing analytics product solutions, particularly how well they fit into SDL’s software platform to bring significant value to our customers and the SDL Group.

We have minor ongoing litigation with a former Trados shareholder claiming breaches of fiduciary duty by the former Trados Directors on the sale of Trados to SDL in 2005. The SDL board believes the case to be completely without merit. We anticipate that the case will progress to a court hearing in 2013. We estimate the potential exposure is between $1 and $3m, which if required, will be funded as part of our operational cash flow in 2013.

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About SDL

SDL (LSE: SDL) is the intelligent language and content company. Our purpose is to enable global understanding, allowing organizations to communicate with their audiences worldwide, whatever the language, channel or touchpoint. We work with over 4,500 enterprise customers including 90 of the world’s top brands and the majority of the largest companies in our target sectors. We help our customers overcome their content challenges of volume, velocity, quality, fragmentation, compliance and understanding through our unique combination of language services, language technologies and content technologies.