INTERIM REPORT, 1 JANUARY – 31 MARCH 2001

INTERIM REPORT, 1 JANUARY – 31 MARCH 2001 Commission income for the first quarter rose by 27% to 54.7 m (43.2 m). Clients from Europe other than Sweden, the largest market, accounted for 38% of the quarter’s income. US clients represented another 10%. Revenues rose for the last 12 months by 60%, compared to the preceding 12 month period. Operating earnings before depreciation and net financial items increased by 11% to SEK 17.4 m (15.7 m). Earnings before tax were up by 16%, from SEK 10.4 m to 12.1 m. Trading on stock exchanges other than Stockholm accounted for 47% (27%) of the quarter’s commission income. The share of automatic order routing increased by 24 percentage points in the period, to 61% (37%) of commission income. NeoNet linked up to the London Stock Exchange (LSE) for electronic trading in January. NeoNet received membership of Euronext Paris in January, with an electronic trading link-up scheduled for the third quarter of this year. NeoNet signed an agreement with US brokerage house and investment bank Jefferies & Co. Inc. in March, implying Jefferies' proprietary trading system and clients connecting electronically to NeoNet's electronic execution network. This deal offers 1,700 US institutional clients direct trading access on several key European stock exchanges through NeoNet. NeoNet reached an agreement with The BRUT ECN, one of the major Electronic Communications Networks (ECNs) in the US, in April. This deal offers NeoNet access primarily to NASDAQ, but also the possibility of offering access to the NYSE and regional US exchanges. NeoNet client link-ups to NASDAQ through BRUT are scheduled to start early next year. Investments, primarily in NeoNet’s electronic execution network, were SEK 11.9 m for the period (7.7 m). The consolidated equity ratio was 48% (18%). The closing balance of liquid assets was SEK 272.7 m (131.8 m). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=113568&fn=wkr0001.pdf The full report

About Us

Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers. Neonet Securities is an Orc Group company. Orc Group is owned by Nordic Capital Fund VII. For more information, please visit: www.neonet.com

Subscribe

Documents & Links