Highlights
Group revenues of £260.4m, up 3% at constant currency, a marginal fall in reported revenues of 2%
Group Profit before One-Off costs, Amortisation and Tax ("PBTA") £16.5m, up 103% at constant currency and 101% on a reported basis
Language Services at constant currency: revenue +2%, PBTA £26.3m (2013: £23.5m)
Technology at constant currency: Revenue +3%, loss reduced from £15.4m to £9.8m
Technology bookings up 14% at constant currency
Technology Annual Recurring Revenue ("ARR") up 14% at constant currency
Progress demonstrated by continued new Technology business wins with House of Fraser, Schneider Electric, TomTom, ASOS and Bose
Dividend of 2.5p per share to be proposed at the Annual General Meeting
Mark Lancaster, Chief Executive Officer, commented:
"2014 has been a year of very significant progress for SDL. The operational transformation is progressing well and whilst there is still investment to do, I believe that we have a solid foundation to deliver long-term growth and profit.
Our best of breed integrated technology combined with our brightest talent will ensure that we execute against our goals, providing the impetus for our future success. I believe that we are now well positioned to capitalise on the opportunities presented to us as we seek to deliver differentiated solutions globally to our large customer base within this competitive market."
