Maintained Operating Earnings and Improved Cash Flow

NeoNet’s first quarter interim report shows that operating earnings before depreciation and net financial items remained unchanged while the underlying cash flow improved. The operating revenues amounted to SEK 58.1 m (SEK 63.9 m). The operating earnings before depreciation and net financial items, EBITDA, remained unchanged and amounted to SEK 12.9 m (SEK 12.9 m) with a corresponding EBITDA-margin of 23% (21%). Underlying cash flow improved and amounted to SEK 9.5 m (SEK 8.2 m). The earnings after tax amounted to SEK 4.2 m (SEK 4.7 m). “We have maintained our operating earnings and improved the underlying cash flow thanks to decreased costs,” said Simon Nathanson, CEO of NeoNet. “Corresponding period last year showed very high traded values, which has not been the case this year.” Nordic clients accounted for half of the transaction revenues during the first quarter. Clients in the rest of Europe accounted for one third and clients in the U.S. for the remainder. “With a growing share of our turnover on the European marketplaces outside of the Nordic countries we have thereby a broader revenue base,” Simon Nathanson concluded. For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51 simon.nathanson@neonet.biz