TradeDoubler announces continued growth and improved profits
October 27th, 2006 Leave a comment Visited 18 times, 1 so far today
TradeDoubler announces continued growth and improved profits
Revenues rise by 54% per cent year-on-year
STOCKHOLM, Sweden – 27. October, 2006 – TradeDoubler, a leading European provider of online marketing and sales solutions, today announced its Q3 results for 2006. Results demonstrate a total revenue of SEK 426.9m (approximately EUR 46.3m), an increase of 54 per cent over Q3 2005.
Martin Henricson, CEO at TradeDoubler comments, “ During the period TradeDoubler has continued to strengthen its market position by focusing on organic growth and developing and broadening its product offering as well as establishing itself in new markets. During the third quarter 2006 we have been pleased to see the positive development continue within the emerging markets (Rest of Europe excl the Nordic Region)”
Highlights from Q3 2006 are:
• Revenues for the period increased by 54% to SEK 426.9 m compared with SEK 277.2 m in the third quarter of 2005
• Gross Profit for the period amounted to SEK 119.7 m, compared with SEK 79.3 m in the third quarter of 2005, an increase of 51%
• Operating profit (EBIT) for the period amounted to SEK 46.9 m compared to SEK -19.1 m in the third quarter of 2005
• During the period, share based expenses relating to existing warrant schemes decreased operating profit by SEK 2.2 m (SEK 9.4 m)
• Profit after tax amounted to SEK 43.1 m (SEK -18.2m)
• Reported earnings per share amounted to SEK 1.51 (SEK -0.74) after full dilution
About TradeDoubler
Founded in 1999, TradeDoubler is a European provider of online marketing and sales solutions. Industry leaders all over Europe have partnered with TradeDoubler to work with performance-based marketing and to manage online relationships, in order to increase sales and improve online business. TradeDoubler is headquartered in Sweden with a presence in 15 other markets, and customers include Apple Store, Dell, Telia Sonera, eBay and Kelkoo. Please visit www.tradedoubler.com for further information.
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