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 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