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Year-End Report 2010

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The result for 2010 increased by 93%

  • Sales for 2010 amounted to SEK 618.2 (617.7) million
  • Operating profit EBITDA for the year was SEK 56.5 (29.1) million
  • Earnings per share after tax for the year were SEK 1.24 (0.23)
  • Sales for the fourth quarter amounted to SEK 179.5 (167.4) million
  • Operating profit EBITDA for the fourth quarter was SEK 37.6 (21.6) million
  • Earnings per share after tax for the fourth quarter were SEK 1.00 (0.70)
  • Cash-flow from operating activities for 2010 was SEK 73.1 (102.5) million
  • The Board of Directors will propose to the Annual General Meeting a dividend of SEK 0.25 per share for 2010


Comment from the CEO:

”During 2010 ReadSoft has gradually shown increasingly good results, with the fourth quarter being the best of the year. Our EBITDA-result increased by 73 percent during the fourth quarter. License sales and total sales increased by 17 and 13 percent calculated in local currencies. It is gratifying to be able to show growth in all our markets during the fourth quarter. The strongest growth is seen in Central Europe and Asia Pacific. 

Looking at the full year in total, sales grew by six percent in local currencies and the EBITDA-result increased by a strong 93 percent. Our profit before and after tax also improved significantly for 2010 despite the weak market at the beginning of the year. During the year, we were affected by the strong Swedish currency, which makes the growth appear lower than it is in reality. 

Our assessment is that the market will continue to improve and we are now focused entirely on developing our business, increasing our growth, and improving our profitability. Provided that the positive market trend continues, we believe that 2011 can be a strong year for ReadSoft. We have world-leading products and solutions for automating document-driven processes at most types of companies and organizations. We operate in a rapidly growing and very wide business segment which is still in an early maturity phase internationally.”

Jan Andersson
President and CEO


Read the entire report in the attached PDF.


Invitation to telephone conference / audiocast for the presentation of ReadSoft's Year-End Report 2010

ReadSoft’s President and CEO Jan Andersson will present the Year-End Report and answer questions at a telephone conference / audiocast. The presentation will be held in English.

Link to webcast:         click here 
Day and time:             Tuesday, February 15, 2011 at 09.00am CET
Phone number:           +46 (0)8 5051 3643 alt. +44 (0)20 7806 1966 (please specify that you want to be connected to ReadSoft’s teleconference)

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

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 Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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