The third quarter, July - September 2023
- Total revenue amounted to
SEK 484 M (389) an increase of 25% or 13% adjusted for changes in exchange rates compared to the same period last year. -
Gross profit was
SEK 98 M (80) an increase of 23% or 11% adjusted for changes in exchange rates. Gross margin was 20.3% (20.6). -
Operating costs excluding depreciation and adjusted for change related items were
SEK 77 M (62), an increase of 24% or 15% adjusted for changes in exchange rates. -
EBITDA amounted to
SEK 21 M (15). Adjusted for change related items, EBITDA wasSEK 21 M (18). -
Investments in tangible and intangible fixed assets, mainly related to product development, were
SEK 10 M (7). -
Cash flow from operating activities was
SEK 3 M (9). -
Earnings per share, before and after dilution were
SEK 0.13 (0.05).
The interim period January - September 2023
- Total revenue amounted to
SEK 1 411 M (1 176), which is an increase compared to the same period last year by 20% or 11% adjusted for changes in exchange rates. -
Gross profit was
SEK 296 M (244) an increase of 21% and 12% adjusted for changes in exchange rates. Gross margin excluding change related items was 21,0% (20.8). -
Operating costs excluding depreciation and adjusted for change related items were
SEK 233 M (188), an increase of 24% or 18% adjusted for changes in exchange rates. -
EBITDA amounted to
SEK 62 M (53). Adjusted for change related items, EBITDA wasSEK 63 M (56). -
Investments in tangible and intangible fixed assets, mainly related to product development, were
SEK 28 M (23). -
Cash flow from operating activities was
SEK 31 M (27) and the sum of cash and interest-bearing financial assets wasSEK 48 M (78) at the end of the period. Net cash in end of the period wasSEK -35 M (-15). -
Earnings per share, before and after dilution were
SEK 0.27 (0.32). -
In the second quarter,
Tradedoubler acquiredKaha GmbH , aBerlin based tech company within the influencer space. This acquisition has impacted goodwill bySEK 56 M and cashflow withSEK -21 M.
CEO Matthias Stadelmeyer's comments
We look at a satisfactory third quarter 2023. Our growth rates and margins are on similar levels as the quarters before, but we saw some market circumstances affecting our business. Reduced budgets and economic challenges of advertisers in some markets have led to lower spendings during summer. Since mid-September the business picked up again and we were able to grow our business on similar growth rates as before.
In Q3 revenue grew by 13% and gross profit by 11% on currency adjusted terms. EBITDA was
Compared to the quarters before we have recruited less employees as we think we are well- staffed to execute our plans, both in our core business, as well as for our new products. With 336 employees we are 46 people more than at the same time last year which is the main reason for the increase of costs. We will continue to invest into our teams and products on reasonable terms.
Regions & Products
We were able to continue to grow our business in all
All business lines of
Contact information
E-mail: ir@tradedoubler.com
Other information
This information is information that
https://news.cision.com/tradedoubler/r/tradedoubler-quarterly-report-january---september-2023,c3868566
https://mb.cision.com/Main/2680/3868566/2405666.pdf
https://news.cision.com/tradedoubler/i/tradedoubler-quarterly-report-january---september-2023,c3235212
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