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TradeDoubler Q2-report 2008

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Second quarter shows continuing weak UK performance and significant negative effects from currency. Europe fairing well, search rollout progressing.

January-June
  • Revenues increased by 79,3 percent to 1 853,9 (1 033,7) MSEK.
  • Gross Profit for the period increased by 31,4 percent to 371,3
    • (282,6) MSEK.
  • EBITDA increased by 29,4 percent to 110,0 (85,0) MSEK.
  • Operating profit for the period increased by 14,9 percent to
    • 93,1 (81,0) MSEK.
  • Net Profit for the period decreased by 4,4 percent to 56,0 (58,6)
    • MSEK. impacted by UK trading weakness and currency effects.
  • Reported earnings per share amounted to SEK 1.96 (2,05) SEK
    • after dilution.
     
    April-June
  • Revenues increased by 69,1 percent to 866,9 (512,6) MSEK.
  • Gross Profit for the period increased by 26,2 percent to 180,4
    • (143,0) MSEK.
  • EBITDA increased by 15,6 percent to 48,9 (42,3) MSEK.
  • Operating profit for the period increased by 1,0 percent to
    • 40,7 (40,3) MSEK.
  • Net Profit for the period decreased by 43,6 percent to 17,2
    • (30,5) MSEK
  • Reported earnings per share amounted to SEK 0,60 (1,09) SEK
    • after dilution.
     
    "TradeDoublers performance outside the UK is showing strong and sustainable growth. However, the decline of the British pound and the general slowdown within the affiliate segment in the UK continues to impact the Group's consolidated results. Following the historically weaker Q2, the second half of 2008 will see stronger EBITDA performance in line with seasonality and through operational efficiencies"
    William Cooper, CEO and President

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