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SDL To Sell Non-Core Units As Second Half Trading In Line With First

Wed, 20th Jan 2016 08:46

LONDON (Alliance News) - Content technology and language services SDL PLC on Wednesday said it will look to sell non-core businesses and will cut costs elsewhere after completing its strategic review, as trading in the second half remained broadly in line with the first.

SDL said its strategic review had concluded it should focus its energy on its core language services and language technologies units. Its content technologies arm, meanwhile, will face some cost-cutting as the company looks to increase the efficiency of this division. It will retain the business, however, as it is complementary to the language services units.

SDL said it will, though, sell its non-core assets, including its social intelligence, campaigns and SDL Fredhopper divisions.

The company said trading in the second half of 2015 was broadly in line with the first, with its pretax profit before one-off items set to be between GBP20.0 million and GBP22.0 million, up from GBP16.5 million a year earlier. Revenue will rise to between GBP265.0 million and GBP270.0 million from GBP260.4 million.

SDL will post its annual results on March 15.

SDL shares were up 1.9% to 438.31 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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