Business News

Readsoft: Interim Report January – September 2010

Monday 25. October 2010 - Significantly better result

Sales for the first nine months amounted to SEK 438.7 (450.3) million
Operating profit EBITDA for the period was SEK 19.0 (7.4) million
Earnings per share after tax for the period were SEK 0.22 (-0.46)
Sales for the third quarter amounted to SEK 143.2 (143.3) million
Operating profit EBITDA for the third quarter was SEK 10.1 (3.0) million
Earnings per share after tax for the third quarter were SEK 0.10 (0.03)
Cash-flow from operating activities for the first nine months was SEK 50.8 (72.2) million

CEO comment:

“Our results continued to develop well during the third quarter, and our sales grew by approximately five percent in local currencies. The first nine months of the year showed considerably improved margins and results compared to last year.
A positive trend is seen on most of our markets and it is rewarding to see that markets with a previously weak development now show signs of improvement. Germany, Spain, and the U.K. have all made progress, but especially our subsidiary in the U.S. has had a strong quarter.
An important technical event during the quarter was the general availability launch of PROCESS DIRECTOR, our new software for automating document-driven processes inside SAP.
Our assessment is that the market will continue to improve and we now focus on developing our business, increasing our sales and improving our profitability. The fourth quarter is usually our strongest and we are optimistic about our chances of moving closer to our long-term goals.”