SDL says full-year trading in line with its expectations

30th Oct 2018 10:48

(Sharecast News) - Software and professional services company SDL said on Tuesday that trading for the year to the end of December remains in line with its expectations.The group said the acquired Donnelley Language Solutions business is performing well as part of the group, with integration on track. SDL, which will hold a capital markets event later in the day for investors and analysts, reiterated 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 £8m, with the full impact being realised in 2020. Associated exceptional costs to deliver these savings are expected to be £2-3m."SDL said these initiatives will enable it to invest in its growth programmes of Premium Solutions and technology, while delivering net improvements in operating margins.