TradeDoubler AB announced consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the consolidated company reported net sales of SEK 567,738,000 compared with SEK 701,455,000 for the same period a year ago. Operating loss was SEK 2,124,000 compared with operating profit of SEK 38,737,000 for the same period a year ago. Loss before tax was SEK 3,216,000 compared with profit before tax of SEK 37,849,000 for the same period a year ago. Net profit for continued operations was SEK 1,149,000 or SEK 0.0 per share compared with SEK 38,254,000 or SEK 0.9 per share for the same period a year ago. Net profit was SEK 3,342,000 or SEK 0.1 per share compared with net loss of SEK 110,376,000 or SEK 2.6 per share for the same period a year ago. Cash-out flow per share for continuing operations was SEK 0.4 compared with cash-flow per share for continuing operations of SEK 0.8 for the same period a year ago. Cash out flow from operating activities was SEK 6,600,000 compared with cash flow from operating activities of SEK 67,923,000 for the same period a year ago. Net investments in intangible assets was SEK 6,925,000 compared with SEK 9,803,000 for the same period a year ago. Net investments in tangible assets was SEK 1,546,000.

For the full year, the consolidated company reported net sales of SEK 2,307,718,000 compared with SEK 2,612,701,000 for the same period a year ago. Operating profit was SEK 1,000 compared with SEK 127,060,000 for the same period a year ago. Profit before tax was SEK 317,000 compared with SEK 114,367,000 for the same period a year ago. Net loss for continued operations was SEK 10,158000 or SEK 0.2 per share compared with net profit for continued operations of SEK 92,166,000 or SEK 2.2 per share for the same period a year ago. Net profit was SEK 7,965,000 or SEK 0.2 per share compared with SEK 50,904,000 or SEK 1.2 per share for the same period a year ago. Negative return on equity was 1.9% compared with return on equity of 16.8% for the same period a year ago. Cash-out flow per share for continuing operations was SEK 2.8 compared with cash-flow per share for continuing operations of SEK 1.6 for the same period a year ago. Cash out flow from operating activities was SEK 14,944,000 compared with cash flow from operating activities of SEK 123,628,000 for the same period a year ago. Net investments in intangible assets was SEK 36,220,000 compared with SEK 25,828,000 for the same period a year ago. Net investments in tangible assets was SEK 4,721,000 compared with SEK 3,877,000 for the same period a year ago.

For the quarter, the parent company reported net sales of SEK 33,420,000 compared with SEK 49,190,000 for the same period a year ago. Operating loss was SEK 14,069,000 compared with operating profit of SEK 9,532,000 for the same period a year ago. Loss before tax was SEK 20,086,000 compared with SEK 370,438,000 for the same period a year ago. Net loss was SEK 19,713,000 compared with SEK 367,780,000 for the same period a year ago.

For the full year, the parent company reported net sales of SEK 128,906,000 compared with SEK 193,554,000 for the same period a year ago. Operating loss was SEK 56,308,000 compared with operating profit of SEK 28,257,000 for the same period a year ago. Loss before tax was SEK 57,306,000 compared with SEK 335,256,000 for the same period a year ago. Net loss was SEK 38,076,000 compared with SEK 335,369,000 for the same period a year ago.

The company provided earnings guidance for the full year of 2013. The market in performance marketing is expected to continue to show growth during 2013. The company is expected to return to growth in line with the market during the second half of 2013. Operating costs before depreciation and amortisation are expected to amount to SEK 35 million to SEK 37 million per month during 2013. The cost range was previously estimated at SEK 35 million to SEK 39 million.