Can I trust Phocuswrights reports?

Here´s a little something I read in Phocuswrights report :
GERMAN ONLINE TRAVEL OVERVIEW
Fourth Edition

"The Scandinavian OTA market, led by the
newly created Scandinavian joint venture
European Travel Interactive (Seat24/SRG
Online), generated total gross bookings of
nearly €1 billion in 2007."

Strange. Last time I checked it was less than half that a year later in 2008.
Which makes me wonder if I can trust the rest of the data in their reports.

PS
I still think they do a good job and Philips Pow Wow´s are the best.
But this irritates me.