24SevenOffice ASA Quarterly report 2Q 2010
Record quarterly revenue in 2Q 2010
24Seven Technology Group ASA had record revenue of MNOK 24.9 for 2Q10, up 38% compared to 2Q09 and an operating profit before depreciation (EBITDA) of MNOK -12.9 for 2Q10, due to accruals made in connection with the law suit from Active 24.
24Seven Technology Group ASA had record revenue of MNOK 24.9 for 2Q10, up 38% compared to 2Q09 and an operating profit before depreciation (EBITDA) of MNOK -12.9 for 2Q10, due to accruals made in connection with the law suit from Active 24.
In 1H10 operating revenue was MNOK 49.4. This represents growth in sales of 33% compared to 1H09.
Highlights 2Q 2010
- Record revenue of MNOK 24.9 in 2Q10, up 38% compared to 2Q09
- Operating revenue in Sweden up 23% from 2Q09
- Software revenue up 34%, compared to 1H09
- Changed Group name to 24Seven Technology Group ASA and focused company strategy purely towards technology and innovation.
- Acquired Propartner Holding AS and sold the daughter company Propartner Defence AS, containing the manual production activities to the Propartner Defence management.
- Sold AccountOnIt for MNOK 25, received MNOK 12 bid on Phonzo's private customer portfolio and received an offer for a credit line of MNOK 17.
- Operating revenue in Sweden up 23% from 2Q09
- Software revenue up 34%, compared to 1H09
- Changed Group name to 24Seven Technology Group ASA and focused company strategy purely towards technology and innovation.
- Acquired Propartner Holding AS and sold the daughter company Propartner Defence AS, containing the manual production activities to the Propartner Defence management.
- Sold AccountOnIt for MNOK 25, received MNOK 12 bid on Phonzo's private customer portfolio and received an offer for a credit line of MNOK 17.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)