TradeDoubler AB : Year-end report 2011
Improved profitability during the quarter
(Numerical data in brackets refers to the corresponding period in 2010 unless otherwise stated).
(The Group's figures are recognised excluding discontinued operations in this year-end report, unless otherwise stated.)
THE INTERIM PERIOD OCTOBER - DECEMBER 2011
· Net sales rose to SEK 701.5 M (679.4), and adjusted for changes in exchange rates, net sales increased by 5%.
· Gross profit amounted to SEK 167.2 M (172.6), and adjusted for changes in exchange rates, gross profit fell by 1%.
· Operating profit (EBIT) rose to SEK 38.7 M (33.8), and adjusted for changes in exchange rates, operating profit increased by 24%.
· Cash flow from operating activities was SEK 67.9 M (76.0).
· Earnings per share amounted to SEK 0.90 (0.50).
· The Search unit was transferred to NetBooster and a strategic partnership in online marketing was initiated with the company. The net effect on the Group's consolidated equity was SEK -45.0 M.
· Parts of the IT operations were outsourced to Frontwalker, which liberates resources for product development.
THE FULL YEAR 2011
· Net sales rose to SEK 2,612.7 M (2,477.8), and adjusted for changes in exchange rates, net sales increased by 11%.
· Gross profit rose to SEK 626.5 M (621.8), and adjusted for changes in exchange rates, gross profit increased by 6%.
· Operating profit (EBIT) rose to SEK 127.1 M (92.8), and adjusted for changes in exchange rates, operating profit increased by 59%.
· Cash flow from operating activities was SEK 123.6 M (-8.2).
· Earnings per share amounted to SEK 2.16 (1.71).
· The Board proposes a dividend of SEK 1.00 and an extra dividend of SEK 0.50, a total of SEK 1.50 (0.00) per share.
PRESENTATION OF THE ANNUAL ACCOUNTS
The annual accounts will be presented at a press and analyst conference on 7 February 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://www.tradedoubler.com/cp-en/investors/.