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: https://www.tradedoubler.com/cp-en/investors/.