30 Oct 2018 07:00
SDL plc
Trading Update and Capital Markets Event
30 October 2018, Maidenhead, U.K. - SDL plc ("SDL" or "the Group"), a leader in global content management and language translation software and services, is today holding a Capital Markets Event for investors and analysts. The Event will include an update on SDL's Premium Solutions, technology strategy and financial model.
Ahead of the Event, SDL is pleased to confirm that trading for the full year to 31 December 2018 remains in line with the Board's expectations. The acquired Donnelley Language Solutions business is performing well as part of the Group and the integration is on track.
At the Event, SDL will reiterate its goal of steady annual improvements in gross margin and operating margin. In support of this, and following a review of general administrative costs and synergies, SDL expects to deliver gross annualised savings of at least £8 million, with the full impact being realised in 2020. Associated exceptional costs to deliver these savings are expected to be £2-3 million.
These initiatives will enable SDL to invest in its growth programmes of Premium Solutions and technology, whilst also delivering net improvements in operating margins.
The financial slide deck will be available on SDL's website www.sdl.com/about/investors from 3pm this afternoon.
For further information please contact:
SDL plc | 01628 410100 |
Adolfo Hernandez, CEO Xenia Walters, CFO | |
FTI Consulting LLP | 0203 727 1000 |
Ed Bridges / Darius Alexander |
About SDL
SDL (LSE:SDL) is the global leader in content creation, translation and delivery. For over 25 years we've helped companies communicate with confidence and deliver transformative business results by enabling powerful experiences that engage customers across multiple touchpoints worldwide. Are you in the know? Find out why 85 of the top 100 global companies work with and trust us on SDL.com. Follow us on Twitter, LinkedIn and Facebook.