Plus   Neg

SDL Sees FY17 Adj. EBITA Of GBP 22 Mln, Higher Revenues - Quick Facts

SDL plc (SDL.L), a provider of content management and language translation software and services, Friday said it expects to deliver adjusted EBITA for 2017 of approximately 22 million pounds, after R&D capitalisation of about 2.5 million pounds. Group revenue is expected to be approximately 285 million pounds, with growth of around 8% over the prior year.

The company in December had said that adjusted EBITA for 2017 on a like-for-like basis will be below then market expectations if certain deals were not closed by December 31, 2017.

In its latest trading update, the company said this occurred in a number of cases and that it continues to work with customers to sign these deals. Also as previously disclosed, SDL experienced a faster, market-driven shift to Software-as-a-Service or SaaS sales in 2017 which impacted Group revenues by approximately 1 million pounds to 2 million pounds.

As previously disclosed, exceptional costs in 2017 will be approximately 3.5 million pounds primarily related to restructuring charges.

The company confirmed that gross margins in the Language Services division improved in the second half of 2017.

SDL will report its full year 2017 results on March 6.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Philip Morris International Inc. has launched a new advertising campaign in the UK that encourages people to stop smoking. However, the tobacco giant has been accused by anti-smoking campaigners of hypocrisy and cynicism for the move. The maker of Marlboro cigarettes announced earlier in 2018 that it intends to eventually stop selling cigarettes in the UK. Kimberly-Clark Corp. (KMB) reported third-quarter adjusted earnings per share of $1.71, an increase of 7 percent compared to net income per share of $1.60, prior year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.64 for the quarter. Analysts'... South Korean IT services company Samsung SDS has joined with Dutch bank ABN AMRO and Port of Rotterdam Authority for a trial project that applies blockchain to shipping and logistics business. Samsung SDS, the IT arm of South Korean Conglomerate Samsung, and ABN AMRO will connect their blockchain platforms Nexledger and Corda, respectively, with the pilot.
Follow RTT