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Trading statements

SDL revenue to beat market expectations

20 January 2017 10:41

Language translation technology provider SDL said continuing operations revenue and profit before taxation, amortisation of intangible assets and one-off costs (PBTA) are expected to be beat market expectations.

While there was some foreign exchange tailwind at the top line because a large proportion of costs are denominated in foreign currencies, the PBTA margin is anticipated to meet expectations.

Management reported good progress continued to be made in executing the new strategic plan.

All businesses performed well, with strengthened recurring and repeat revenues evidenced.

The 2016 outcome represented a sound underlying performance, underpinned by SDL's strong customer relationships and delivered during a period of ongoing investment, organisational change and transition.

SDL's said its audited preliminary results for the year to 31 December 2016 will be announced on 7 March.

At 10:41am: (LON:SDL) SDL PLC share price was +27p at 487.5p

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