The fourth quarter, October - December 2021
- Total revenue amounted to
SEK 414 M (359) an increase of 15% or 17% adjusted for changes in exchange rates compared to the same period last year.
-
Gross profit was
SEK 75 M (68). Adjusted for change related items gross profit wasSEK 77 M (68) an increase of 14% or 15% adjusted for changes in exchange rates. Gross margin was 18.1% (18.9). Gross margin adjusted for change related items was 18.5% (18.9).
-
Operating costs excluding depreciation and adjusted for change related items were
SEK 57 M (50), an increase of 14% or 15% adjusted for changes in exchange rates.
-
EBITDA amounted to
SEK 18 M (17). Adjusted for change related items, EBITDA wasSEK 20 M (18).
-
Investments in immaterial assets, mainly related to product development, were
SEK 7 M (7).
-
Cash flow from operating activities was
SEK 45 M (49). Changes in working capital impacted the cash flow withSEK 31 M (37), which relates mainly to the seasonality of our customers´ payment patterns.
-
Earnings per share, before and after dilution were
SEK 0.19 (0.21).
The full year 2021
- Total revenue amounted to
SEK 1,421 M (1,235), which is an increase compared to the same period last year by 15% or 18% adjusted for changes in exchange rates.
-
Gross profit was
SEK 277 M (255). Gross profit adjusted for change related items wasSEK 279 M (255) an increase of 10% and 13% adjusted for changes in exchange rates. Gross margin excluding change related items was 19.5% (20.6).
-
Operating costs excluding depreciation and adjusted for change related items were
SEK 212 M (191), an increase of 11% or 13% adjusted for changes in exchange rates.
-
EBITDA amounted to
SEK 61 M (62). Adjusted for change related items, EBITDA wasSEK 67 M (64).
-
Investments in intangible assets, mainly related to product development, were
SEK 27 M (24).
-
Cash flow from operating activities was
SEK 54 M (89) and the sum of cash and interest-bearing financial assets wasSEK 94 M (89) at the end of the period. Net cash in end of the year wasSEK 1 M (-30).
-
Earnings per share, before and after dilution were
SEK 0.53 (0.16).
-
In 2016
Tradedoubler acquired a minority stake in DynAdmic for a total amount ofEUR 1,2 M. InJune 2021 these shares were sold to Smart, a leading independent French adtech platform, for a total potential amount ofEUR 2 M. AroundEUR 1.75 M were received inJuly 2021 as an upfront payment and a possible earnout ofEUR 0.25 M depends on future results of the company. The divestment of shares increased the results bySEK 9.3 M, where ofSEK 2.7 M is the estimated result of the earn-out, and yet to be settled. The earn-out was revaluated in the fourth quarter as the full earnout is expected, resulting in a gain ofSEK 1.6 M.
CEO Matthias Stadelmeyer's comments
Tradedoubler´s results in Q4 continued to develop positively and we are looking back at a successful year 2021.
In Q4 2021 total revenue grew by 17%, gross profit by 14% as well and EBITDA increased to
It is good for us to see that we were able keep our positive business momentum in this important fourth quarter although market signals indicated slower growth rates for the Black Friday week and Christmas sales. Our results for Q4 are consistently good across all regions and our four key industry verticals retail, fashion, electronics and travel.
In Q4, and for the whole year as well, our core business affiliate marketing including
TD Grow and the influencer platform Metapic both contributed to the growth. Metapic has for the third year in a row more than doubled its annual revenue compared to the year before.
Operating costs increased by 15% mainly due to investments into Metapic, TD Grow and product development and our EBITDA margin is with 4,9% similar to last year and the full year 2021.
Net profit for the year 2021 increased to
The sale of shares in Dynadmic was a good contribution increasing cash by
We see ourselves well-prepared for the coming quarters while we continue our mission to grow the business of our clients and partners in the best possible way to create meaningful results for all stakeholders. We do that with passion and courage and I look forward to your continued company on this journey.
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-2021,c3504287
https://mb.cision.com/Main/2680/3504287/1533390.pdf
https://news.cision.com/tradedoubler/i/q4-2021-en,c3010475
(c) 2022 Cision. All rights reserved., source