Interim Report January - March 2008

Sales increase by 18 percent. The US continues to show strong growth.

• The turnover for the first quarter increased by 18 percent to SEK
129.1(109.2) million
• Operating margin (EBITDA) for the period was -2.6 (-3.3) percent
• Results after tax was SEK -9.1 (-2.6) million
• Results per share after tax was SEK -0.28 (-0.08) kronor
• Cash-flow from the current business was SEK 23.7 (9.5) million"During the first quarter of 2008 ReadSoft's business operations
developed as planned. Sales performance resulted in the third largest
quarter ever and turnover increased by 18%. The development of the
areas referred to as "United States and the rest of the world" was
especially positive and saw the most growth, with an increase of 61%.
First quarter results are according to plan. Write-offs of earlier
product development capitalizations increased by SEK 8 million
compared to the same period last year, and are the main reason for
this quarter's negative results. The positive response to our new
products demonstrates our strength as well as our continued ambition
to be market leaders. Investments for growth and profitability
continued in this most recent quarter, but at a reduced level
compared to 2007."
 
Jan Andersson
President and CEO
 
Read the entire Q1 report in the pdf attached
 
 
 
Contact
Jan Andersson, President and CEO
Phone: +46 708-37 66 00
 
Jonna Opitz, Vice President Corporate Communications
Phone: +46 42-490 21 08 or +46 733-37 86 68
 
Jan Bertilsson, CFO
Phone: +46 42-490 21 43
e-mail: firstname.lastname@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.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
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.