SDL PLC - Preliminary Results for the Year ended 31 December 2002
SDL plc ("SDL" or "the Group"), the multilingual products and services company, is pleased to announce its preliminary results for the twelve months to 31 December 2002.
SDL Maidenhead , United Kingdom15 September 2003
Highlights:
- Turnover up 72% to £58.0m (2001: £33.7m). Organic growth continues.
- EBITDA profit of £3.0m (2001: loss of £1.4m) including software development costs of £3.0m (2001: £3.2m), which are written off as incurred
- Pre tax profit (before amortisation of goodwill and intangibles) of £1.2m (2001: loss of £2.0m)
- Loss per share of 7.10p per share (2001: loss of 11.56p per share)
- Gross margin at 44% (2001: 46%) reflecting the effects of the acquisition and difficult market conditions during the period
- Acquisition of Alpnet, Inc. ("Alpnet") for £4.7m, plus assumed debt of £7.2m, consolidating SDL’s position as one of the world’s largest globalization and localisation companies.
- Restructuring of Alpnet achieved ahead of schedule and at less cost than planned
- Cash at year-end was £6.7m (2001: £9.0m)
- Net funds of £4.6m (2001: £9.0m)
- Net debt assumed at Alpnet acquisition reduced from £7.2m to £2.1m
Commenting on the preliminary results Mark Lancaster, Chairman and Chief Executive of SDL, said:
"2002 has proved to be a challenging year for all SDL’s markets, but in spite of these difficulties the Group has demonstrated yet another year of progress through organic and acquisition lead growth. Following the acquisition of Alpnet in January last year, SDL is now a world-wide leader in fully integrated multilingual-enabling technology."
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 www.sdl.com
All trademarks are the property of their respective owners.
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 www.sdl.com
All trademarks are the property of their respective owners.
