The revenue ended in Q4/07 at MNOK 90,4 (MNOK 78,9), which is an increase of 15%. The Operating result (EBIT) ended at MNOK 19,4 (MNOK 18,5). 66% of the turnover in Q4/07 was generated from units outside of Norway. Compared to Q4/06 the Nowegian Krone has strengthened during the quarter, and this has had a negative impact in NOK on both revenue and operating result in the period compared to Q4/06. The total operating revenues for 2007 increased by 15% to MNOK 314,3 compared to MNOK 274,4 in 2006. The EBIT in 2007 ended at MNOK 68,3 (MNOK 57,9). The EBIT margin for 2007 was 21,7% compared to 21,1% in 2006. The Net Profit was MNOK 54,7 ( MNOK 39,8), an increase of 38%. For 2007 the export share was 69%.
During 2007, SuperOffice reached its main strategic objectives related to growth in license and maintenance revenues. Product development continues as planned, and during 2007, the new web application was released both in Norway and in our international markets. In 2007, the parent company strengthened the development department, and increased the organisation within sales/marketing. The acquisition of SuperOffice eJournal contributed positively and strengthened the company's product portfolio. The company progresses according to plan. In line with the company's dividend policy, the Board of Directors of SuperOffice ASA will propose at the Annual General Meeting to approve a dividend of NOK 3,00 per share for 2007, equivalent to approximately MNOK 61,8.
Future expectations
There are no changes to SuperOffice's strategy from what has been communicated in previous quarterly reports. External market analysts still expect the CRM market to grow, and SuperOffice is well positioned to continue to be a leading supplier of CRM solutions in Europe. With the acquisition of eJournal AS in Q2/07, SuperOffice demonstrated that the company will, at any time, evaluate the acquisition of CRM related software companies which are considered to contribute with added value, improved market position and profitable business opportunity to the group. SuperOffice has a positive view on the most important markets where the SuperOffice has its own business, but the development in the respective markets might vary from quarter to quarter depending on in which quarters major contracts are signed. Since 2002, SuperOffice has shown a positive development in both revenue and profits, and this is also the ambition for 2008.