SDL hurt by restructuring costs

Translation software maker SDL reported a loss of £24.4m last year, from £27.4m profit in 2012, due to high restructuring costs as the business transitions to automated translations. “In 2013 we undertook some hard but essential changes that will provide the impetus for our future success,” said chief executive Mark Lancaster. Revenue last year fell to £266.1m from £269.3m in 2012 as its technology licensing dropped off. Shares in the company fell 7.3 per cent to close at 343p.