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 wasSEK 30 M (26). -
Investments in tangible and intangible fixed assets, mainly related to product development, were
SEK 10 M (9). -
Cash flow from operating activities was
SEK 43 M (32). -
Earnings per share, before and after dilution were
SEK 0.29 (0.22).
The full year 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 wasSEK 92 M (83). -
Investments in tangible and intangible fixed assets, mainly related to product development, were
SEK 38 M (32). -
Cash flow from operating activities was
SEK 74 M (59) and the sum of cash and interest-bearing financial assets wasSEK 70 M (93) at the end of the period. Net cash in end of the period wasSEK -5 M (5). -
Earnings per share, before and after dilution were
SEK 0.56 (0.54).
Letter from the CEO
We close the year 2023 with a solid performance in the fourth quarter. The underlying gross profit increased by 9% in the quarter despite having challenging comparative figures. The last quarter of the year is always the most important from a financial point view due to Black Week and Christmas sales.
Growth comes from all products and markets, and it is even more satisfactory to see that our large base of international customers grew substantially. Our international footprint with local presences in the main European markets shows again that we are one of the very few companies that can deliver performance marketing at scale for this customer base.
The underlying EBITDA reached
I want to thank our teams for the dedication, energy and spirit they put into our business every day, our clients and partners for their trust and loyalty and all stakeholders for their ongoing support.
Contact information
E-mail: ir@tradedoubler.com
Other information
This information is information that
https://news.cision.com/tradedoubler/r/tradedoubler-year-end-report-january---december-2023,c3936940
https://mb.cision.com/Main/2680/3936940/2633440.pdf
https://news.cision.com/tradedoubler/i/2023-q4-td-report-en,c3272181
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