Tradedoubler Interim report January - September 2009

Planned rights issue, lower costs and increased control strengthens TradeDoubler

July - September 2009

Revenue amounted to SEK 710.7 (788.5) million.
Gross profit (GP) amounted to SEK 143.4 (180.8) million and gross margin amounted to 20.2 (22.9) per cent.
Gross profit (GP) adjusted for non-recurring items and exchange rate differences amounted to SEK 158.3 (180.8) million. Adjusted gross margin amounted to 22.3 (22.9) per cent.
Operating profit (EBIT) amounted to SEK -185.9 (48.0) million and EBIT-margin amounted to -26.2 (6.1) per cent.
Operating profit (EBIT) adjusted for non-recurring items and exchange rate differences amounted to SEK 24.8 (29.3) million. Adjusted EBIT-margin amounted to 3.5 (3.7) per cent.
As an effect of a weak development and a more conservative view of the future development, the goodwill value, relating to the 2007 acquisition of the IMW Group in the UK, has been written down by SEK 152.4 million.
In connection to the goodwill write-down, a write-down of SEK 13.5 million was done for deferred tax assets relating to the IMW Group in the UK.
The Board of Directors will within short propose a rights issue with preferential rights for existing shareholders amounting to SEK 350 million.
Net profit amounted to SEK -237.1 (34.7) million. 
Earnings per share after dilution amounted to SEK -8.29 (1.22).
Cash flow from operating activities was SEK -53.2 (102.6) million.
The Board of Directors has, during the third quarter, initiated a process to strengthen the internal guidelines and control of the operations and processes including financial reporting.     January - September 2009
Total revenue amounted to SEK 2 289.0 (2 642.5) million. 
Gross profit (GP) amounted to SEK 517.6 (552.1) million and gross margin amounted to 22.6 (20.9) per cent.
Operating profit (EBIT) amounted to SEK -125.7 (141.2) million and EBIT-margin amounted to -5.5 (5.3) per cent.
Net profit amounted to SEK -183.7 (90.7) million. 
Earnings per share after dilution amounted to SEK -6.43 (3.18).
Cash flow from operating activities was SEK -42.5 (130.2) million.