Neonet AB (publ) discloses certain preliminary information pertaining to the first quarter of 2010
Orc Software AB (publ), which owns approximately 97 percent of Neonet, is publishing its quarterly report today April 22. In view of this, Neonet is disclosing certain preliminary information pertaining to the first quarter of 2010. Neonet’s quarterly report will be published in full on April 28, as previously announced.
Preliminary information concerning Neonet, January 1 – March 31, 2010
The start of 2010 continued to be marked by weak trading volumes in financial markets globally.
• Total operating revenues: SEK 106 m; of which transaction revenues: SEK 90 m
• Transaction margin: 39%
• Costs charged against earnings for the merger with Orc Software: SEK 13 m
• EBITDA: loss of SEK 12 m
• EBIT: loss of SEK 19 m
NEONET’S BOARD OF DIRECTORS
For further information please contact:
CEO Neonet AB (publ) and CEO Orc Software AB (publ)
+46 (0) 8 506 477 35
This is the type of information that Neonet is required to publish pursuant to the Securities Market Act or the Financial Instruments Trading Act, or both.
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the global financial industry in the critical areas of advanced trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years. The company’s solutions are gathered in the two main areas of Orc Trading and Orc Connect, and provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automated trading functionality, high performance cross-asset capabilities, ultra-low latency and risk management. Orc’s customers include leading banks, trading and market making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc provides the world’s leading financial centers with sales and quality support and training services from its offices across the EMEA, the Americas and Asia Pacific. More information is available at www.orcsoftware.com
Neonet is an Orc Software company, offering professional market participants neutral, high speed brokerage services and advanced trading software solutions. Neonet’s in-house developed platform offers connectivity to the world’s leading market places globally across the key regions of North America, Europe, Asia and Australia. Neonet’s cutting-edge technology solutions, Neonet XG, include an integrated product suite. It features high speed market connections, a comprehensive execution management system, market data services and advanced trading tools. Neonet is listed on NASDAQ OMX Stockholm and has clients in over 20 countries globally. For more information, please visit: www.neonet.com