TradeDoubler AB : Interim report January-September 2012
October 31 2012 - 3:03AM
GlobeNewswire
Focus on performance marketing
(The Group's numbers in this interim report are
recognised excluding discontinued operations unless otherwise
stated. Numerical data in brackets refers to the corresponding
period in 2011 unless otherwise stated. Rounding off differences
may arise.)
INTERIM REPORT JANUARY-SEPTEMBER 2012
-
Net sales amounted to SEK 1,740.0 M (1,911.2), a
fall of 8% adjusted for changes in exchange rates.
-
Gross profit amounted to SEK 406.9 M (459.3), a
decline of 10% adjusted for changes in exchange rates.
-
Change-related costs amounted to approx. SEK 20
M.
-
Operating profit (EBIT) amounted to SEK 2.1 M
(88.3).
-
Cash flow from operating activities was SEK -8.3
M (55.7).
-
Earnings per share amounted to SEK -0.26
(1.26).
THE THIRD QUARTER JULY-SEPTEMBER 2012
-
Net sales amounted to SEK 526.1 M (653.9), a
fall of 16% adjusted for changes in exchange rates.
-
Gross profit amounted to SEK 119.7 M (152.5), a
decline of 17% adjusted for changes in exchange rates.
-
Change-related costs amounted to SEK 5.3
M.
-
Operating profit (EBIT) amounted to SEK -7.8 M
(31.3) mainly due to falling volumes combined with a lag in the
adjustment of the cost level.
-
Cash flow from operating activities was SEK 13.4
M (45.8).
-
Earnings per share amounted to SEK -0.25
(0.47).
-
Rob Wilson took over as CEO and Jonas Ragnarsson
took over as CFO.
-
The role of CCO (Chief Commercial Officer) was
abolished. Elaine Safier left the company in connection with
this.
OUTLOOK
-
The market for performance marketing is expected
to continue to show growth during 2013. The company is expected to
return to growth in line with the market during the second half of
next year.
-
Product development, customer relationships and
the organisation are directed at strengthening the Group's position
in the core business Affiliate, performance marketing.
-
Operating costs before depreciation and
amortisation are expected to be in the range of SEK 35-39 M per
month during 2013.
-
Change-related costs are expected to amount to
approx. SEK 10 M during the fourth quarter of 2012.
PRESENTATION OF THE INTERIM REPORT
This interim report will be presented at a press
and analyst conference on 31 October 2012 at 11.00 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/investorrelations.
Tradedoubler Interim report
January-September 2012
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: TradeDoubler AB via Thomson Reuters ONE
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