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NEWS30 March 2012

German growth boosts Netigate income

Europe Financials

SWEDEN— Online research software provider Netigate has reported a 32% rise in operating income to SEK 40.1m ($6m), thanks to strong growth in Germany.

Netigate said the German market now accounts for 36% of software sales, up from 30% in 2010.

For the group as a whole, operating profit on an EBITDA basis jumped 190% to SEK 8.9m in 2011.

CEO Victor Molander (pictured) said: “2011 has been a very successful year in the history of Netigate. We have not only managed to continue our strong organic growth in both Scandinavia and Germany, but I am especially glad to welcome several new customers in the UK market.”