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TargetEveryOne shows positive EBITDA for the fourth quarter

Pressmeddelande   •   Jan 16, 2017 13:31 CET

Management has during 2016 been working to integrate the operations of the acquired entities and to highlight synergies. The initial assessment was that this will affect earnings in 2017.

"We can now see that the fourth quarter of 2016 is reflecting strong organic growth," says Bjorn Forslund CEO. "Sales from both the traditional SMS business and from the new 1 to 1 marketing has increased during the period."

"We choose to present the preliminary unaudited result in advance, as we for the first time can show a positive EBITDA during a quarter. Given that the first three quarters in total generated a negative EBITDA of more than SEK 11 million, it feels inspiring to begin the new year with a positive quarter as a support," concludes Björn Forslund.

The previously published EBITDA forecast of SEK 15 million for the full year 2017 is unchanged.

For more information contact

Björn Forslund, CEO

Telefon: +47 484 83 838

Email: bjorn@targeteveryone.com

Jan Benjaminson, CFO
Telefon: +46 70-666 93 88
Email: jan@targeteveryone.com

This information is information TargetEveryOne AB (publ) is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act and/or the Trading in Financial Instruments. The information was provided by agency of the above contact person for publication January 16, 2017 at 08: 30.

About TargetEveryOne

TargetEveryOne helps companies build better mobile customer relationships and increase sales with a user-friendly and efficient cloud service for mobile marketing. The company is listed on Nasdaq First North, Sweden, started in the Nordic mobile entrepreneurial environment and now has customers and partners in over 80 countries.

www.targeteveryone.com

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Mangold Fondkommission AB (556585-1267)

Box 55 691

102 15 Stockholm

Telefon: +46 8 503 015 50

www.mangold.se

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About TargetEveryOne

TargetEveryOne helps companies build better mobile customer relationships and increase sales with a user-friendly and efficient cloud service for mobile marketing. The company, listed on Nasdaq First North, Sweden, started in the Nordic mobile entrepreneurial environment and now has customers and partners in over 80 countries. www.targeteveryone.com