- Release Date: 25/05/12 11:18
- Summary: FORECAST: SDL: SDL - Guidance Update
- Price Sensitive: No
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SDL 25/05/2012 09:18 FORECAST REL: 0918 HRS Solution Dynamics Limited FORECAST: SDL: SDL - Guidance Update The directors of Solution Dynamics (NZAX: SDL, "the Company") provide guidance for the result to 30 June 2012. Our traditional Service business has performed consistent with our earlier guidance. Software remains dependent on big and inconsistent sales. The sales cycle in Europe has slowed and sales of our FujiFilm Australia solution have been much lower than budgeted. The prospects are still firm and we get good feedback on our technology. The board has been working off guidance to 30 June 2012 of EBITDA of $1.1m for the Company. The full year result will be significantly lower than this guidance. It is not possible to be more specific. At this stage, we still expect to be within our banking covenants. There are a number of large sales awaiting board or management sign off but we cannot be sure these will be completed by year-end. The Board is aware that the volatility of earnings does not sit well with public company investors so the Board together with management have been intensively reviewing strategic options and that process will continue. For and on behalf of the Board Colin Giffney - Chairman 021 630 998 Nelson Siva - CEO 021 415 027 End CA:00223261 For:SDL Type:FORECAST Time:2012-05-25 09:18:59
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