Improved revenues and earnings during second quarter

NeoNet’s second quarter interim report shows improved revenues, earnings and cash flow.

The operating revenues amounted to SEK 58.5 m (SEK 45.7 m) for the second quarter and SEK 116.7 m (SEK 109.6 m) for the first half of 2005. The operating earnings before depreciation and net financial items, EBITDA, amounted to SEK 7.9 m (SEK 0.0 m) for the second quarter and SEK 20.7 m (SEK 13.0 m) for the first half of 2005. Underlying cash flow improved and amounted to SEK 3.7 m (SEK -4.8 m) for the second quarter and SEK 12.7 m (SEK 3.4 m) for the first six months. The earnings after tax amounted to SEK 0.1 m (SEK -10.6 m) for the second quarter and SEK 4.3 m (SEK -5.9 m) for the first half of 2005. Nordic clients accounted for half of the transaction revenues during the first half of 2005. Clients in the rest of Europe represented one third of the transaction revenues and clients in the U.S. for the remainder. “We increased our revenues by 28 percent during the second quarter compared to the same period last year,” said Simon Nathanson, CEO of NeoNet. “The earnings improvements following the increased trading from our clients is a result of the launch of new products, an increasing number of clients trading on many exchanges via NeoNet and that we have recruited new clients. The underlying cash flow has been strengthened by improved earnings and a lower rate of investments.” For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51 simon.nathanson@neonet.biz