Le Lézard
Classified in: Science and technology, Business, Covid-19 virus
Subject: EARNINGS

SDL plc Half Year Results for the Six Months Ended 30 June 2020


SDL plc ("SDL" or the "Group"), the intelligent language and content company, today announces its half year results for the six months ended 30 June 2020.

Financial Highlights

Unaudited Results

1H20

1H19

Change

Change at
constant
currency

Six months to 30 June

£m

£m

 

 

 

 

 

 

 

Revenue

180.7

182.5

(1%)

(2%)

 

 

 

 

 

Operating profit

13.4

11.9

+13%

+3%

 

 

 

 

 

Adjusted operating profit1

16.3

16.1

+1%

(6%)

 

 

 

 

 

Profit before tax

11.7

10.9

+7%

(1%)

 

 

 

 

 

Basic earnings per share

11.2p

8.9p

+26%

 

 

 

 

 

 

Diluted earnings per share

11.1p

8.7p

+28%

 

 

 

 

 

 

Adjusted diluted earnings per share2

11.7p

12.3p

(5%)

 

1 Adjusted operating profit: Operating profit before amortisation of acquired intangibles and exceptional items (as reconciled on the income statement)

2 Adjusted earnings: Profit after tax before the impact of exceptional items and amortisation of acquired intangibles (as reconciled in note 7)

Highlights

Outlook

Adolfo Hernandez, CEO of SDL plc, said:

"In challenging circumstances, we are pleased with the Group's performance in the first half of the year. Crucially, we were able to enact our business continuity plans swiftly, moving the entire global workforce to working-from-home over a matter of weeks. As a result, there was no material disruption in our ability to service customers nor to our productivity. SDL remains operationally resilient and well-capitalised, and its core strategic plans remain on track. Looking to the second half, which is traditionally our stronger period, although our pipeline is good, COVID-19 continues to present a risk to trading patterns and software sales cycles. However, we believe that the Group is positioned to take advantage of the expected recovery in the global economy post COVID-19."

To view the full announcement, please visit the investor relations section of our website.

About SDL

SDL (LSE:SDL) is the intelligent language and content company. Our purpose is to enable global understanding, allowing organizations to communicate with their audiences worldwide, whatever the language, channel or touchpoint. We work with over 4,500 enterprise customers including 90 of the world's top brands and the majority of the largest companies in our target sectors. We help our customers overcome their content challenges of volume, velocity, quality, fragmentation, compliance and understanding through our unique combination of language services, language technologies and content technologies.


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