Financial Overview

For current information, please visit se.getupdated.com (only available in Swedish).

 

Financial  performance

  • Reduced revenue due to lower media spend, focus was on core business.
  • 5% organic core business growth
  • EBITDA SEK 3.3 m (SEK 0.5 m 2010)
  • Cash flow SEK -12.2 m (SEK -6.0 m) includes payment plans from 2009/2010 of 12,6 m
  • Net loss per share SEK -0.01 (SEK -0.05)


            

 

2011 Outlook

  • A clear market opportunity for Getupdated’s highly specialized services
  • Continue work to increase sales to grow core business organically
  • Capitalize on the alignment of subsidiaries, replicating the model into new geographical markets
  • Continued innovation and development of service offering
The Board of Directors’ judgment remains:
  • Good growth and profitability in its core business of Internet marketing
  • Positive cash flow for 2011