TradeDoubler announces Q2 revenue growth of 69%
by Andrew Redfern @ 7th August 2008 5:07 pm
TradeDoubler has today announced revenues for the April to June period of SEK 866.9 million (£72.4 million), an increase of 69.1% over the same period in 2007.
Gross profit for period increased by 26.2% to SEK 180.4 million (£15 million). Over the first half of 2008, revenues for the company are up 79.3% to SEK 1.85 billion (£154.4 million) and gross profit has increased to SEK 371.3 million (£30.9 million), a 31.4% increase compared to the January to June 2007 period.
“TradeDoubler’s performance outside the UK is showing strong and sustainable growth. However, the decline of the British pound and the general slowdown within the affiliate segment in the UK continues to impact the Group’s consolidated results.
Following the historically weaker Q2, the second half of 2008 will see stronger EBITDA performance in line with seasonality and through operational efficiencies” William Cooper, CEO and President.
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