Interim Report January - March 2010
(Thomson Reuters ONE) -
Varied development during Q1
- Sales for January - March amounted to SEK 135.9 (146.5) million
- Operating profit EBITDA for the period was SEK -5.1 (2.9) million
- Earnings per share after tax for the period were SEK -0.18 (-0.27)
- Cash-flow from operating activities for the period was SEK 20.8 (42.8) million
"The results from the first quarter shows that the market continues to be very
cautious and investment decisions still take longer time than usual.
In local currencies, our business volume remains more or less unchanged, but
since the Swedish Krona has strengthened, the turnover for the quarter is lower
compared to the first quarter of last year. The profit before and after tax is
better than last year, the operating profit is lower, and the cash flow from
operating activities is still positive.
The results from the different markets are varied, but it is rewarding to see
that many of the previously weaker markets such as the UK, Germany, and Spain
now show signs of improvement.
Our partner sales continue to grow strongly with an increase of 28 percent
compared to the first quarter of last year.
Due to seasonal variations, the first quarter is our weakest part of the year.
Although it has been a slow start, our assessment is that the market is on the
rebound. As the market continues to improve, we are optimistic about our
potential to increase our sales and improve our profitability"
Jan Andersson
President and CEO
Read the entire report in the attached pdf.
Contact
Jan Andersson, President and CEO
Phone: +46 708-37 66 00
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 42-490 21 08 or +46 708-37 66 77
Jan Bertilsson, CFO
Phone: +46 42-490 21 43
e-mail: firstname.lastname(at)readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document
Automation. ReadSoft's software enables companies to automate document processes
such as data entry, classification, ERP matching, workflows, e-invoicing etc.
The results are faster and less expensive document processing, and increased
control. ReadSoft is by far the world's number one choice for invoice automation
solutions. Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five continents and a network of local and global
partners. The head office is located in Helsingborg, Sweden, and the ReadSoft
share is traded on the NASDAQ OMX Nordic Exchange Small Cap list. For more
information about ReadSoft, please visit www.readsoft.com
[HUG#1405810]
The entire report in PDF: http://hugin.info/130119/R/1405810/359473.pdf
Unternehmensinformation / Kurzprofil:
Datum: 20.04.2010 - 14:04 Uhr
Sprache: Deutsch
News-ID 19337
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"Interim Report January - March 2010"
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