Full Year Report 2008 - TradeDoubler
Increased gross profit and strong cash flow rounded off 2008 - high costs impacted the results significantly
October - December (compared to the same quarter of the previous year)
- Revenues decreased by 7.1% to 814.2 (872.4) MSEK.
- Gross profit for the period increased by 4.2% to 195.0 (187.1) MSEK.
- EBITDA decreased to 16,7 (73.8) MSEK.
- Operating profit amounted to 8.8 (65.0) MSEK.
- Profit after tax totalled 3.7 (44.1) MSEK.
- Earnings per share after dilution amounted to 0.13 (1.54) SEK.
- Cash flow from operating activities was 87.8 (38.8) MSEK.
- Future cost efficiency measures have impacted results by 16.4 MSEK
- Group's long-term financing secured via subordinated debenture
- In December, Örjan Frid started as a new CEO and Christer Elmehagen as new Chairman of the Board.
January - December (compared to the same period ot the previous year)
- Revenues increased by 29.8% to 3,456.7 (2,663.6) MSEK.
- Gross profit for the year increased by 17.5% to 747.1 (636.0) MSEK.
- EBITDA decreased to 183.3 (214.1) MSEK.
- Operating profit amounted to 149.9 (194.8) MSEK.
- Profit after tax totalled 94.4 (152.3) MSEK.
- Earnings per share after dilution amounted to 3.31 (5.34) SEK.
- Cash flow from operating activities was 218.0 (140.4) MSEK.
- The planned rate of expansion necessitated an increase in personnel. The rate of growth of the Group's operations has slowed, resulting in personnel redundancies at the end of the year.
- The Board of Directors proposes to the Annual General Meeting a dividend of 0.0 (2.75) SEK per share.
TRADEDOUBLER AB (PUBL)
For further information, please contact:
Örjan Frid, President and CEO +46-8-405 08 00
Casper Seifert, CFO +46-8-405 08 27
Ann-Charlotte Johansson, Group IR Manager +46-8-405 08 05
TradeDoubler redefines the marketing landscape
TradeDoubler is a global digital marketing company offering a range of performance-based marketing solutions. TradeDoubler's products and services provide companies with the tools and expertise to drive results online whether they are looking to generate sales, leads or traffic or drive brand awareness. Headquartered in Stockholm, Sweden, the company boasts a unique global reach spanning 19 countries in Europe and Japan. With a breadth of expertise across multiple industry sectors and a network of more than 128,000 website publishers, TradeDoubler helps deliver results for 1,744 advertisers including a mix of local and international companies such as Apple Store, Dell, TeliaSonera and Kelkoo. TradeDoubler is listed on Nasdaq OMX Stockholm Exchange. Please visit www.tradedoubler.com for further information.
TradeDoubler is a global digital marketing company offering a range of performance-based marketing solutions. TradeDoubler's products and services provide companies with the tools and expertise to drive results online whether they are looking to generate sales, leads or traffic or drive brand awareness. Headquartered in Stockholm, Sweden, the company boasts a unique global reach spanning 19 countries in Europe and Japan. With a breadth of expertise across multiple industry sectors and a network of more than 128,000 website publishers, TradeDoubler helps deliver results for 1,744 advertisers including a mix of local and international companies such as Apple Store, Dell, TeliaSonera and Kelkoo. TradeDoubler is listed on Nasdaq OMX Stockholm Exchange. Please visit www.tradedoubler.com for further information.