Tradedoubler reports preliminary results for the fourth quarter of 2023

Currently some of Tradedoubler's internal and financial systems are affected, but no business-related systems. We take the situation very seriously and are in ongoing dialogue with TietoEvry to resolve the matter. We do not expect any major impact on Tradedoubler's business and the business of our clients and partners.

More information will be presented in the upcoming year-end report.

The fourth quarter, October - December 2023

• Total revenue amounted to SEK 575 M (464) an increase of 24% compared to the same period last year.

• Gross profit was SEK 118 M (102) an increase of 16%. Gross margin was 20.5% (22.0).

• Operating costs excluding depreciation and adjusted for change related items were SEK 88 M (76), an increase of 17%.

• EBITDA amounted to SEK 29 M (26). Adjusted for change related items, EBITDA was SEK 30 M (26).

• Investments in tangible and intangible fixed assets, mainly related to product development, were SEK 12 M (9).

• Cash flow from operating activities was SEK 45 M (32).

• Earnings per share, before and after dilution were SEK 0.29 (0.22).

The interim period January - December 2023

• Total revenue amounted to SEK 1 987 M (1 640), which is an increase compared to the same period last year by 21%.

• Gross profit was SEK 414 M (346) an increase of 20%. Gross margin excluding change related items was 20.8% (21.1).

• Operating costs excluding depreciation and adjusted for change related items were SEK 321 M (263), an increase of 22%.

• EBITDA amounted to SEK 91 M (79). Adjusted for change related items, EBITDA was SEK 92 M (83).

• Investments in tangible and intangible fixed assets, mainly related to product development, were SEK 40 M (32).

• Cash flow from operating activities was SEK 76 M (59) and the sum of cash and interest-bearing financial assets was SEK 70 M (93) at the end of the period. Net cash in end of the period was SEK -5 M (5).

• Earnings per share, before and after dilution were SEK 0.56 (0.54).

[][]
SEK M Oct Oct Jan Jan-Dec 2022
-Dec -Dec -Dec
2023 2022 2023
Total revenue 575 464 1 987 1 640
Gross profit 118 102 414 346
Gross margin 20,5% 22,0% 20,8% 21,1%
Operating costs excl. depreciation -88 -76 -321 -263
and change related costs
EBITDA adjusted for change related 30 26 92 83
items
EBITDA-margin adjusted for change 5,1% 5,7% 4,7% 5,0%
related items (%)
Change related items[1] -1 0 -2 -4
EBITDA 29 26 91 79
Operating profit (EBIT) 16 17 40 43
Net profit 13 10 25 24
Net investments innon-financial -12 -9 -40 -32
fixed assets              
Cash flow from operatingactivities 45 32 76 59
Liquid assets including 70 93 70 93
financialinvestments, at period's
end         
Net cash[2], at period's end -5 5 -5 5

 

For further information, please contact:

Matthias Stadelmeyer, CEO Tradedoubler

Phone: +46 8 405 08 00

Email:matthias.stadelmeyer@tradedoubler.com

About this information

This information is information that Tradedoubler AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at CET 11.15 on 22 January 2024.

Numerical data in brackets refers to the corresponding periods in 2022 unless otherwise stated. Rounding off differences may arise.