Interim Report January - March 2008
• The turnover for the first quarter increased by 18 percent to SEK 129.1(109.2) million
• Operating margin (EBITDA) for the period was -2.6 (-3.3) percent
• Results after tax was SEK -9.1 (-2.6) million
• Results per share after tax was SEK -0.28 (-0.08) kronor
• Cash-flow from the current business was SEK 23.7 (9.5) million
"During the first quarter of 2008 ReadSoft's business operations developed as planned. Sales performance resulted in the third largest quarter ever and turnover increased by 18%. The development of the areas referred to as "United States and the rest of the world" was especially positive and saw the most growth, with an increase of 61%. First quarter results are according to plan. Write-offs of earlier product development capitalizations increased by SEK 8 million compared to the same period last year, and are the main reason for this quarter's negative results. The positive response to our new products demonstrates our strength as well as our continued ambition to be market leaders. Investments for growth and profitability continued in this most recent quarter, but at a reduced level compared to 2007."
Jan Andersson
President and CEO
Read the entire Q1 report in the pdf attached
Contact
Jan Andersson, President and CEO
Phone: +46 708-37 66 00
Jonna Opitz, Vice President Corporate Communications
Phone: +46 42-490 21 08 or +46 733-37 86 68
Jan Bertilsson, CFO
Phone: +46 42-490 21 43
e-mail:firstname.lastname@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.