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SDL Plc Interim Management Statement

SDL Plc Interim Management Statement

Maidenhead, UK

10/15/2012

SDL plc., a leader in Global Information Management solutions, today publishes its Interim Management Statement incorporating the period from 1 July 2012 to 30 September 2012, as required by the Listing Authority disclosure rules.

Performance for the third quarter of 2012 was broadly in line with management expectations at the Group level. Most of the growth continued to come predominantly from language services, whilst technology revenues continue to be suppressed. We are starting to see increased cash inflow in the business as Alterian re-structuring and process unification is completed. We continued our investments into technology innovation and feel confident this will deliver long-term growth to the business.

The Alterian business has integrated well into the SDL Group, performing ahead of our expectations in cultural fit, product fit and financial results. We are excited about the future marketing analytics product solutions, particularly how well they fit into SDL’s software platform to bring significant value to our customers and the SDL Group.

We have minor ongoing litigation with a former Trados shareholder claiming breaches of fiduciary duty by the former Trados Directors on the sale of Trados to SDL in 2005. The SDL board believes the case to be completely without merit. We anticipate that the case will progress to a court hearing in 2013. We estimate the potential exposure is between $1 and $3m, which if required, will be funded as part of our operational cash flow in 2013.

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About RWS

RWS Holdings plc is the world’s leading provider of technology-enabled language, content management and intellectual property services. We help our customers to connect with and bring new ideas to people globally by communicating business critical content at scale and enabling the protection and realization of their innovations. 


Our vision is to help organizations interact effectively with people anywhere in the world by solving their language, content and market access challenges through our collective global intelligence, deep expertise and smart technology. 


Customers include 90 of the globe’s top 100 brands, the top 10 pharmaceutical companies and 18 of the top 20 patent filers worldwide. Our client base spans Europe, Asia Pacific, and North and South America across the technology, pharmaceutical, medical, legal, chemical, automotive, government and telecommunications sectors, which we serve from offices across five continents. 


Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM, the London Stock Exchange regulated market (RWS.L). 


For further information, please visit: www.rws.com.