Business News

Interim Report January-June 2008

Tuesday 12. August 2008 - License sales increase by 17 percent and continued strong growth in the U.S.

– The turnover for the first six months increased by 16 percent to SEK 273.9 (236.8) million
– Results (EBITDA) for the first six months was SEK 3.7 (1.6) million
– Results per share for the first six months were SEK -0.28 (0.02)
– The turnover for the second quarter increased by 13 percent to SEK 144.8 (127.6) million
– Results (EBITDA) for the second quarter was SEK 7.0 (5.2) million
– Results per share for the second quarter was SEK -0.01 (0.10)
– Cash-flow from the current business for the first six months was SEK 42.4 (16.1) million
“ReadSoft’s business has continued to develop well during the second quarter of 2008. License sales increased by 17 percent, and sales in “the USA and the rest of the world” grew by over 30 percent. The Nordic market, too, had a strong quarter with growth of 23 percent, while growth in the large Central European markets was more gradual.
ReadSoft’s EBITDA improved compared to 2007. However, increased depreciation meant that pre-tax earnings were lower compared to the same period last year. Cash flow from the current business was strong and substantially improved compared to last year.
Markets all over the world are unsteady, and many organizations are focusing more and more on finding solutions that reduce their costs. Therefore reasonably negative economic trends could boost sales of strongly cost-cutting products and solutions.”