SDL has delivered a strong set of FY’19 results, coming in a touch ahead of N1S forecasts with sales of £376.3m (+5% pro forma y/y; N1S: £371m) and AOP of £37.2m (N1S: £35.8m). High 98% cash conversion delivered strong FCF of £29.6m. The Group has entered 2020 in rude health with high tech renewal rates (c.90%), healthy growth in premium Language Services (14% pro forma y/y), and a strong balance sheet position with gross cash of £98m and a further &p
