Continued strong cash flow

(Thomson Reuters ONE) - * Sales for 2009 increased by 6% to SEK 617.7 (584.2) million * Operating profit EBITDA for the year was SEK 29.1 (45.6) million * Earnings per share after tax for the year were SEK 0.22 (0.21) * Sales for the fourth quarter was SEK 167.4 (182.4) million * Operating profit EBITDA for the fourth quarter was SEK 21.6 (38.0) million * Earnings per share after tax for the fourth quarter were SEK 0.68 (0.85) * Cash-flow from operating activities for 2009 was SEK 102.5 (86.6) million * The Board of Directors has established a dividend policy and will propose to the Annual General Meeting of shareholders a dividend of SEK 0.15 per share for 2009"The market during 2009 was difficult, and many customers had a cautious"wait-and-see" attitude. We normally close the year strongly, but the fourthquarter was weaker than expected and some deals in progress passed the year-endmark.Our total growth for the year was approximately 6 percent and in localcurrencies this is approximately the same as the previous year. The profit aftertax increased somewhat, at the same time as the cash flow from operatingactivities was very strong at SEK 102.5 million.We can say that 2009 was an "in-between year", where we and many others foughtin a tough market.Our assessment is that the market is improving and our plans are to focus onincreasing sales in all markets. We have several new products that increase ourbusiness value, both for new customers and for our existing customer base. Weare also, step by step, moving towards our objective to reach 50 percent ofsales via partners. During 2009, sales via partners increased by 17 percent andnow constitute 38 percent of our total sales.ReadSoft is equipped for considerably better results and faster growth liesahead when the market normalizes. We are now focusing all our energy onrealizing our long-term objectives and plans for growth."Jan AnderssonPresident and CEORead the entire report in the attached pdf.ContactJan Andersson, President and CEOPhone: +46 708-37 66 00Johan Holmqvist, Vice President Corporate CommunicationsPhone: +46 42-490 21 08 or +46 708-37 66 77Jan Bertilsson, CFOPhone: +46 42-490 21 43e-mail:firstname.lastname(at)readsoft.com About ReadSoftReadSoft is a leading global provider of software solutions for DocumentAutomation. ReadSoft's software enables companies to automate document processessuch as data entry, classification, ERP matching, workflows, e-invoicing etc.The results are faster and less expensive document processing, and increasedcontrol. ReadSoft is by far the world's number one choice for invoice automationsolutions. Since the start in 1991, ReadSoft has grown to a worldwide group withoperations in 16 countries on five continents and a network of local and globalpartners. The head office is located in Helsingborg, Sweden, and the ReadSoftshare is traded on the Nasdaq OMX Nordic Exchange Small Cap list. For moreinformation about ReadSoft, please visitwww.readsoft.com.[HUG#1384228] The entire report in PDF: http://hugin.info/130119/R/1384228/342978.pdf

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Datum: 15.02.2010 - 02:04 Uhr
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