TradeDoubler AB : Interim report January - June 2012
Tradedoubler AB : Interim report January - June 2012
Tougher market climate
(The Group's numbers in this interim report are recognised excluding discontinued operations unless otherwise stated)(Numerical data in brackets refer to the corresponding period in 2011 unless otherwise stated).
THE INTERIM PERIOD JANUARY - JUNE 2012
- Net sales amounted to SEK 1,213.9 M (1,257.3), a fall of 4% adjusted for changes in exchange rates. Operating profit (EBIT) amounted to SEK 9.9 M (57.1), a fall of 83% adjusted for changes in exchange rates:
- Gross profit amounted to SEK 287.2 M (306.8), a decline of 7% adjusted for changes in exchange rates.
- Gross margin amounted to 23.7% (24.4%).
- Operating costs include approx. SEK 15 M in change-related costs.
- Cash flow from operating activities was SEK -21.8 M (9.9), mainly due to lower sales.
- Earnings per share amounted to SEK -0.02 (0.80).
THE SECOND QUARTER APRIL - JUNE 2012
- Net sales amounted to SEK 573.7 M (604.8), a fall of 6% adjusted for changes in exchange rates. Operating profit (EBIT) amounted to SEK -2.8 M (22.2):
- Gross profit amounted to SEK 140.8 M (149.5), a decline of 6% adjusted for changes in exchange rates.
- Gross margin amounted to 24.5% (24.7%).
- Operating costs include approx. SEK 10 M in change-related costs.
- Cash flow from operating activities was SEK -12.7 M (-31.9), mainly due to lower sales.
- Earnings per share amounted to SEK -0.25 (0.33).
- The economic downturn in Southern Europe meant falling volumes in these countries. Price competition increased in Northern Europe.
- Net sales and earnings increased in the Technology segment.
- On 1 August, Rob Wilson takes over as CEO and Jonas Ragnarsson takes over as CFO.
PRESENTATION OF THE INTERIM REPORT
The interim report will be presented at a press and analyst conference on 27 July 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/.