The first quarter, January – March 2022
Total income amounted to SEK 404 M (358) a rise of 13% or 9% adjusted for modifications in alternate charges in comparison with the identical interval final 12 months.
Gross revenue was SEK 83 M (68) a rise of 21% or 14% adjusted for modifications in alternate charges. Gross margin was 20.4% (19.0).
Operating prices excluding depreciation and adjusted for change associated gadgets have been SEK 61 M (52), a rise of 16% or 13% adjusted for modifications in alternate charges.
EBITDA amounted to SEK 21 M (14). Adjusted for change associated gadgets, EBITDA was SEK 22 M (16).
Investments in immaterial belongings, primarily associated to product improvement, have been SEK 8 M (8).
Cash move from working actions was SEK 8 M (-13). Changes in working capital impacted the money move with SEK -11 M (-21), which relates primarily to the seasonality of our prospects´ fee patterns.
Earnings per share, earlier than and after dilution have been SEK 0.19 (0,00).
In the primary quarter, Tradedoubler acquired roughly 30% of the shares within the on-line video procuring firm Onbaz, a Swedish startup know-how firm. The buy and partnership settlement signed with Onbaz will give the group entry to applied sciences that complement and lengthen its present providing and merchandise throughout the rising market of influencer advertising.
CEO Matthias Stadelmeyer’s feedback
The begin of the 12 months 2022 and the outcomes for the primary quarter are according to our expectations and proceed the nice efficiency from final 12 months.
Total income grew by 9%, gross revenue by 14% and EBITDA elevated to SEK 22M, all figures on foreign money adjusted comparability and with out change associated gadgets.
Due to the numerous macro-financial uncertainties, we skilled some greater shifts in our enterprise in Q1 which have had an affect on our outcomes. Ecommerce and there particularly retail and client electronics grew lower than within the quarters earlier than whereas on the similar time journey is coming again to related ranges and trend purchasers are rising greater than earlier than. We noticed as effectively that purchasers have been extra restrictive with further media spendings which, to some extent, explains the decrease progress of income in comparison with the expansion of gross revenue and with that the upper gross margin.
Our new merchandise Metapic, Grow and Appiness continued to have a constructive affect on the general outcome. All these merchandise have greater than doubled their enterprise in comparison with the identical interval final 12 months and have as effectively a better gross margin than the core enterprise online marketing.
We see ourselves effectively-ready for the approaching quarters whereas we proceed our mission to develop the enterprise of our purchasers and companions in the very best method to create significant outcomes for all stakeholders. We try this with ardour and braveness, and I sit up for your continued firm on this journey.
Contact info
Matthias Stadelmeyer, President and CEO, phone +46 8 405 08 00 Viktor Wågström, CFO, phone +46 8 405 08 00 E-mail: [email protected]
Other info
This info is info that Tradedoubler AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The info was submitted for publication, by means of the company of the contact individuals set out above, at 08.00 CET on 18 May 2022. Numerical knowledge in brackets refers back to the corresponding durations in 2021 until in any other case said. Rounding off variations could come up.
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