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24SevenOffice ASA Quarterly report 1Q 2010

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Record quarterly revenue and record EBITDA Q1 2010

24SevenOffice ASA had a record revenue of MNOK 24.4 for 1Q10, up 28% compared to 1Q09 and a positive operating profit before depreciation (EBITDA) of MNOK 1.8 for 1Q10, a new quarterly record and the fourth consecutive quarter with positive EBITDA.


Highlights 1Q 2010

  • Record revenue of MNOK 24.4 in 1Q10, up 28% compared to 1Q09.
  • Record EBITDA of MNOK 1.8 in 1Q10, and the fourth consecutive quarter with positive EBITDA.
  • Operating revenue in Sweden up 59% from 1Q09.
  • Software revenue up 55%, compared to 1Q09.
  • Prospectus approved by Oslo Stock Exchange and private placement finalised
  • Invest significantly in high growth going forward, however with profitable EBITDA.
  • Invest in technology for distribution and internationalisation
  • Invest in technology for larger customers



This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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