SDL plc, the leading provider of Global Information Management (GIM) solutions, today announced that profits for the half year ending 30 June 2007 are expected to be ahead of market expectations.
The company is expecting to be able to report profits before taxation and amortisation of intangible assets of not less than £8.5 million, up 67% from 2006 (£5.1 million). Revenues are expected to be in the region of £54 million, up 20% from 2006 (£45 million).
Commenting on the factors that are driving this out performance, Mark Lancaster, Chairman and Chief Executive Officer of SDL said today:
“It is clear to us that global corporations are increasingly recognising the importance of language as a key business differentiator. Our global information management solutions are gaining adoption as clearly witnessed by the strong performance of the SDL group, despite the weak dollar in the first half. Our service volumes are up and we have seen great efficiency gains from the use of our technology. The performance of our recent acquisition of Tridion in the last month of the quarter also over-achieved on our expectations, As a result I am delighted with our half-year performance. In the latter half of 2007 we anticipate SDL will deliver a solid performance.”
SDL expects to announce half year results for 2007 on 3rd September 2007.
Contacts:
SDL plc Tel: 01628 410 127
Mark Lancaster, Chairman and Chief Executive Officer
Financial Dynamics Tel: 020 7831 3113
Juliet Clarke/Edward Bridges