SDL’s trading update indicates revenues and adjusted PBT for the year to 31 Dec 2015 will be in the range of £265-270m and £20.0-22.0m respectively. The PBT range is in line with the consensus range, revenue slightly below. More importantly, the group has clarified that Language Services and Language Technologies will be the group’s core focus. In the meantime, the Board will begin a sale process of non-core businesses – Social Intelligence, Campaigns and Fredhopper. Valuing the retained busines ....
