TradeDoubler AB : Year-end report January - December 2012

Revitalised business focus

(The Group's numbers in this year-end report are recognised excluding discontinued operations unless otherwise stated. Numerical data in brackets refers to the corresponding period in 2011 unless otherwise stated. Rounding off differences may arise.)

THE FULL YEAR 2012

  • Net sales amounted to SEK 2,307.7 M (2,612.7), a fall of 10% adjusted for changes in exchange rates
  • Gross profit amounted to SEK 541.5 M (626.5), a decline of 12% adjusted for changes in exchange rates
  • Change-related costs amounted to approx. SEK 31 M
  • Operating profit (EBIT) amounted to SEK 0.0 M (127.1)
  • Adjusted operating profit (EBIT)1 amounted to approximately SEK 36.3 M (127.1)
  • Cash flow from operating activities was SEK -14.9 M (123.6)
  • Earnings per share for continuing operations amounted to SEK -0.2 (2.2)
  • The Board proposes that no dividend should be declared for 2012 (SEK 1.50 per share)

THE FOURTH QUARTER OCTOBER-DECEMBER 2012

  • Net sales amounted to SEK 567.7 M (701.5), a fall of 17% adjusted for changes in exchange rates
  • Gross profit amounted to SEK 134.6 M (167.2), a decline of 17% adjusted for changes in exchange rates
  • Change-related costs amounted to SEK 10.9 M
  • Operating profit (EBIT) amounted to SEK -2.1 M (38.7)
  • Adjusted operating profit (EBIT)1 amounted to SEK 14.1 M (38.7)
  • Cash flow from operating activities was SEK -6.6 M (67.9)
  • Earnings per share for continuing operations amounted to SEK 0.0 (0.9)
  • Regional offices were strengthened, which has enabled cost savings through closure of certain local offices
  • Andrew Buckman was recruited as new COO

OUTLOOK

  • The market in performance marketing is expected to continue to show growth during 2013. The company is expected to return to growth in line with the market during the second half of 2013.
  • Operating costs before depreciation and amortisation are expected to amount to SEK 35-37 M per month during 2013. The cost range was previously estimated at SEK 35-39 M. 

PRESENTATION OF THE YEAR-END REPORT

This year-end report will be presented at a press and analyst conference on 6 February 2013 at 10.00 a.m. in Tradedoubler's premises at Sveavägen 20.The presentation may also be followed via a webcast using the link: http://financials.tradedoubler.com/en-gb/investorrelations