Affiliate News: TradeDoubler announces 53% growth
By Andrew Redfern @ 31st January 2008 7:13 pm
TradeDoubler has today announced an increase in year on year revenues of 53%. Revenues for the group rose to SEK 2.66 billion (approx. 282 million Euros) in 2007 compared to SEK 1.74 billion (184 million Euros)for the previous year.
Fourth quarter revenues were up by 69% to SEK 872.4 million (92 million Euros).
Gross profit for the full year was up by 32% to reach SEK 636 million (67 million Euros) and over the period from October to December gross profit climbed by 34% to SEK 187 million (20 million Euros).
Commenting on the results, TradeDoubler CEO William Cooper said “It is hugely encouraging to see all geographic markets and business areas making a positive contribution to the continued growth and success of the TradeDoubler Group and I am delighted with the strong performance of TradeDoubler’s fastest growing European markets”.
Earlier in the month TradeDoubler announced that it had strengthened its presence in the Asian market with the launch of TD Technology in Japan. Formerly known as the Technology Works the rebranded TD Technology is a media technology company that allows customers to control, measure and optimise online marketing activity.
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