Q2 2011 RESULT AND HALF-YEAR 2011 FINANCIAL REPORT

Revenues in Q2 2011 were USD 29.6 million (USD 30.2 million in Q2 2010) with an EBITDA of USD 12.9 million (USD 14.9 million). After depreciation of USD 8.0 million (USD 8.3 million and write down of USD 11.5 million) the operating profit (EBIT) was USD 4.9 million (loss USD 4.9 million).

The EBITDA for the half-year was USD 23.2 million (USD 26.4 million in 1H 2010), with an EBIT of USD 7.5 million (loss USD 1.7 million).

The Q2 net financial expenses were USD 3.4 million (USD 4.7 million). The result before tax in the quarter was USD 1.5 million (loss USD 9.6 million). The net loss after tax was USD 0.5 million (USD 11.4 million).

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