Sweden's Tradedoubler Q1 adjusted EBITDA falls due to restructuring costs

Nyorda AB

05/05/2026 07:12

Overview

Sweden partner marketing firm's Q1 revenue rose 1% yr/yr, 6% currency adjusted

Adjusted EBITDA for Q1 fell 10%, impacted by restructuring costs and client campaign termination

Company initiated share buybacks and cut about 25 jobs, incurring SEK 10 mln in one-time costs

Outlook

Company expects annual savings of SEK 17 mln from recent restructuring measures

Result Drivers

CLIENT CAMPAIGN TERMINATION - Co said results were affected by the end of a large client campaign, impacting comparability in Q1

RESTRUCTURING COSTS - SEK 10 mln in one-time costs from layoffs and organizational changes weighed on results, with expected annual savings of SEK 17 mln

IMPROVED MOMENTUM - Business activity picked up after a slow January, with improved momentum in February and March

Company press release: ID:nWkr3JKzp5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 538 mln
Q1 Adjusted EPS
-SEK 0.08
Q1 Adjusted EBITDA
SEK 23 mln
Q1 Gross Margin
21.70%
Q1 EBITDA
SEK 12 mln


Analyst Coverage

Wall Street's median 12-month price target for TradeDoubler AB is SEK12.00, about 100% above its May 4 closing price of SEK6.00

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)