Year-End Report 2011

Year-End Report 2011

Record strong result and cash-flow

  · Sales for January-December increased with 7 percent to SEK 663.0 (618.2)
million
  · Operating profit EBITDA for the period was SEK 74.5 (56.5) million
  · Earnings per share after tax for the period were SEK 1.97 (1.24)
  · Sales for the fourth quarter amounted to SEK 199.8 (179.5) million
  · Operating profit EBITDA for the fourth quarter was SEK 41.3 (37.6) million
  · Earnings per share after tax for the fourth quarter were SEK 1.08 (1.00)
  · Cash-flow from operating activities for 2011 was SEK 126.4 (73.1) million
  · The Board of Directors will propose to the Annual General Meeting a dividend
of SEK 0.50 per share for 2011
  · ReadSoft has, after the end of the period, signed an agreement to acquire
foxray AG

CEO comment:
”This is my first interim report as newly appointed President and CEO of
ReadSoft and it’s with great pleasure that I present a strong report for the
fourth quarter and for the full year 2011. ReadSoft’s positive growth and strong
result improvements continue despite a turbulent world. Behind this positive
trend are hard and focused work, world-leading products and solutions and a well
functioning organization.
Our total sales grew by 13 percent in constant currencies compared to the last
year, for both the fourth quarter and the full year. Our license sales remain
strong and grew by 17 percent in constant currencies for the fourth quarter and
by 19 percent for the full year. The EBITDA result also continues to increase
and is 10 percent better for the quarter and 32 percent better for the full year
compared to last year. The EBITDA margin is over 11 percent and ReadSoft
continues to take steps in the right direction towards our long-term goals. The
cash flow from operating activities reached a new record result and was SEK
126.4 million, an improvement of 73 percent compared to the previous year.
ReadSoft has a strong financial position and in 2011 we have increased our
workforce by 41 employees to meet the needs of a growing organization and to
maintain and increase growth going forward. 
We have, despite the macro-economic situation in Europe and in the US, performed
well on most of our markets around the world and the majority of our
subsidiaries report positive results. One of many successes this year was
closing one of the largest deals ever, worth SEK 9.4 million, with a leading
high technology company in Europe. When it comes to products, we launched
generation 7 of our products and solutions and we are well prepared for meeting
our customers’ demands and expectations for 2012. 
ReadSoft will continue to focus on improving results and growth. We will take
advantage of the good momentum we have on the market right now and we will
continue to invest in our world-leading products and solutions, but also in our
growth areas such as our cloud-based solution ReadSoft Online and our workflow
product for Oracle E-Business Suite. ReadSoft is well prepared for continued
growth and we look forward to the rest of 2012 with great optimism.”
Per Åkerberg
President and CEO
Read the entire report in the attached PDF. 
Invitation to telephone conference / audiocast for the presentation of
ReadSoft's Year-End Report 2011
On Thursday, February 16, 2012, at 9:00 CET, are analysts, investors, media and
other interested parties invited to attend a telephone conference where
ReadSoft’s President and CEO Per Åkerberg will comment on the published Year-End
Report and answer questions. The presentation will be held in English. 
Link to webcast:         click
here (http://financialhearings.nu/120216/readsoft/) 
Day and time:             Thursday, February 16, 2012 at 09.00 CET
Phone number:           +46 (0)8 505 598 12 or +44 (0) 207 108 6303
You can also access the presentation via our website www.readsoft.se or
www.readsoft.com.
This is information of the type that ReadSoft AB (publ) is obligated to disclose
in accordance with the Swedish Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication on
February 16, 2012 at 08:00 CET.

For additional information please contact:
Per Åkerberg, President and CEO
Phone+46 42 490 21 00 or +46 708-37 86 96
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 42-490 21 98 or +46 708-37 66 77
Jan Bertilsson, CFO
Phone: +46 42-490 21 43 or +46 708-37 66 16
e-mail: firstname.lastname@readsoft.com