Interim Report January – September 2011

Continued improved result and strong license sales

•       Sales for January-September increased with 6 percent to SEK 463.2 (438.7) million
•       Operating profit EBITDA for the period was SEK 33.2 (19.0) million
•       Earnings per share after tax for the period were SEK 0.89 (0.24)
•       Sales for the third quarter amounted to SEK 159.4 (143.2) million
•       Operating profit EBITDA for the third quarter was SEK 16.8 (10.1) million
•       Earnings per share after tax for the third quarter were SEK 0.43 (0.10)
•       Cash-flow from operating activities for the first nine months was SEK 80.0 (50.8) million

CEO comment:

”The third quarter turned out well with a strong sales growth and with a strong result. We have now improved our margins for seven consecutive quarters on a rolling 12 months basis – a clear sign of the positive trend we have sustained despite facing a currency headwind of 7 percent for the first nine months of the year. 

Compared to last year, ReadSoft’s total sales grew by 15 percent in local currencies for the third quarter, and by 13 percent for the first nine months. Our license sales, adjusted for currency effects, grew by 24 percent for the third quarter and by 19 percent for the first nine months. The EBITDA result is 66 percent better than last year for the quarter and 75 percent better than last year for the first nine months. The EBITDA-margin, on a rolling 12 months basis, has continued to increase and is now close to 11 percent. The cash-flow from operating activities has been strengthen further and amounts to SEK 80 million for the first nine months.

At this time, we can’t see that ReadSoft has been affected by the financial concerns in the world. With few exceptions, we have performed well in our different markets. The best-performing market area is “USA and the rest of the world”, but also the Nordic markets have developed well and so has Benelux.

The fourth quarter is normally our strongest period of the year, and provided that the markets aren´t affected too negatively due to the financial turmoil, we are very optimistic when it comes to our potential to keep developing the company’s strong growth and good results further.”


Jan Andersson
President and CEO


Read the entire report in the attached PDF.


Invitation to telephone conference / audiocast for the presentation of ReadSoft's Interim Report January – September 2011

On Monday, October 24, 2011, at 9:00 CET, are analysts, investors, media and other interested parties invited to attend a telephone conference where ReadSoft’s President and CEO Jan Andersson will comment on the published Interim Report and answer questions. The presentation will be held in English.


Link to webcast:         click here 
Day and time:             Monday, October 24, 2011 at 09.00 CET
Phone number:          +46 (0)8 505 598 12 or +44 (0)20 710 862 05
Code:                          ReadSoft


You can also access the presentation via our website www.readsoft.se or www.readsoft.com.


This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on October 24, 2011 at 08:00 CET.

For additional information please contact:

Jan Andersson, President and CEO
Phone: +46 42-490-21 34 or +46 708-37 66 00
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 42-490 21 98 or +46 708-37 66 77
Jan Bertilsson, CFO
Phone: +46 42-490 21 43 or +46 708-37 66 16
e-mail: firstname.lastname@readsoft.com

About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing, especially into business systems from SAP and Oracle. 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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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