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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
