skip to content

Annual Results

SDL Plc swings to FY pretax loss

15 March 2016 09:22

SDL Plc has swung to a FY pretax loss of GBP25.2m, from a profit of GBP9.4m. Following an operational review, SDL is now seeking to sell certain non-core elements of its business.

Meantime, FY revenue was at GBP266.9m, from GBP260.4m. The company took an impairment charge of GBP33.3m and other one-off costs of GBP5.8m. A FY dividend of 3.1p a share, up 24%, was recommended.

Executive chairman David Clayton said:

"We are pleased to be able to report revenue and PBTA in line with our recent trading statement. This is a solid achievement against a background of change within our business.

"Following a thorough operational review of the Group's activities, the Board has concluded that SDL should refocus around a language centric strategy, helping brands to manage, translate and deliver localised content on a global scale.

"As a consequence, we are now seeking to sell certain non-core elements of our business."

OUTLOOK

"In conclusion, we are excited by the growth potential for SDL. Global market expansion coupled with the explosion of digital content and growing consumer expectations provide the opportunity for SDL to become a more strategic vendor to our customers.

"We must ensure that SDL fully maximises this opportunity to become a trusted advisor for brands and businesses looking to expand their global reach in today's digital world. In the short term we will continue to drive efficiency within our business in order to invest in the platforms we need for future growth.

"As a result, the Board remain confident of another year of profit growth."

At 9:22am: (LON:SDL) SDL PLC share price was -12.87p at 419.63p

Story provided by StockMarketWire.com

Related Company: SDL

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.