NeoNet’s Year-End Report, 1 January – 31 December 2001

NeoNet’s Year-End Report, 1 January – 31 December 2001 The Period in Summary The Full Year 2001 Transaction revenues increased 18% to SEK 190.1 m, against SEK 160.9 m in the previous year; 21% (9%) of revenues were derived from US clients. NeoNet's market shares have increased on all the exchanges where it is connected. Operating earnings before depreciation and net financial items amounted to SEK 25.2 (40.1) m. Earnings before tax were SEK 3.5 m (15.9 m). Earnings per share: SEK 0.15 (0.48). Revenues from electronic order routing increased by 77% and amounted to 75% (50%) of total transaction revenues. 51% (42%) of transaction revenues in the period were sourced from trading on exchanges other than Stockholm. The closing balance of consolidated shareholders' equity rose to SEK 255,6 m (235.1 m) at the end of the period. Out of the SEK 597.4 m liquid funds, SEK 412.3 m were attributable to the settlement of equity transactions executed on behalf of clients, which means that the company’s own cash amounted to SEK 185.1 m (SEK 204.3 m). NeoNet established an electronic link-up to the LSE (London Stock Exchange) at the end of January 2001, with 7% of trading revenues derived from this exchange in the fourth quarter, and 5% in the full year. An agreement has been reached regarding electronic trading of Nasdaq stocks, with launch scheduled for the second quarter of 2002. Decision was made that NeoNet will in 2002 connect the Milan and virt-x exchanges to the company’s trading system. Connection to the NYSE is scheduled for mid 2003. The Fourth Quarter Fourth-quarter revenues grew 15% year on year, to SEK 53.2 m; against in the previous year SEK 46.3 m. Earnings before tax were SEK –4.0 m, against SEK 6.7 m in 2000. Electronic order routing increased by 70% over fourth quarter in the previous year, and amounted to 90% (61%) of total transaction revenues. 54% of fourth-quarter revenues came from trading on exchanges other than Stockholm. Electronic trading began on the Euronext Paris and Amsterdam exchanges. Further information available from: Torvald Bohlin, Chief Executive Officer Tel: +46 (0)8 454 1539 torvald.bohlin@neonet.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=113577&fn=wkr0001.pdf The full report