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FundedByMe - the second half and full year 2019**

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“I am happy to see that this fall's hard work and changes have generated results. The year-end report clearly shows that the company is moving in the right direction. The first half of 2019 was affected by large non-recurring cost items. The second half of the year has been considerably more stable for the entire Group. The result has improved significantly. Costs have decreased while activity in the entire Group has increased. The focus for the future is the pursuit of profitability in a listed environment and further development of the entire business.”

Second half of 2019

  • Profit after net financial items improved to MSEK –3.4 (MSEK –14.8 *)
  • The improvement in earnings can in large part be attributed to lower costs, synergy effects and changed ownership of joint ventures.
  • Operating profit for the second half of the year amounted to MSEK –5.4 (MSEK –13.3 *)
  • Sales for the Group during the second half of the year are SEK 10.6 million, compared with SEK 13.8 * million in the corresponding period last year.
  • Earnings per share excluding non-recurring items during the second half of the year amounted to SEK –0,5  (SEK –2,0)

Full year 2019

  • Profit after net financial items for the full year 2019 amounted to MSEK -25.4 (MSEK -19.7 *).
  • The result was negatively affected during the first half of the year by investments in future growth and extraordinary costs linked to the acquisition of Laika Consulting AB and the listing process at NGM Nordic MTF. The second half of the year has seen a significant improvement in earnings as a result of reduced costs, synergies and changed ownership of foreign companies.
  • Operating profit for the full year 2019 amounted to MSEK –25.3 (MSEK –17.0 *)
  • Group sales for the full year amounted to SEK 20.5 million (SEK 18.9 million *)
  • Earnings per share excluding non-recurring items during the full year amounted to SEK –3,3 (SEK –3,1)
  • The equity ratio by December 31 was 84.3% (89.0%)

*The comparison to previous year (parenthesis), include Laika Consulting for the period 2 August to 31 December 2018.

At 16.00 today, FundedByMe will hold a live press conference where CEO Daniel Daboczy will present the report and answer questions.

The press conference will broadcastet in Direct Studios Youtube channel  http://bit.ly/2V0pqS7. Questions can be asked in the consignment's comment box or sent in advance to Kaarlo Airaxin, kaarlo.airaxin@laika.se.

**English translation for convenience only

For further information, please contact:
FundedByMe Crowdfunding Sweden AB
Daniel Daboczy, CEO
Mobile: +46 (0) 73 6269985
Email: daniel@fundedbyme.com

About FundedByMe
FundedByMe is a tech company, focusing on the financial markets. Today the company offers a digital and global platform for financial support for startups and growth companies around the globe. Customers sign up online where they are able to book their investment interest in different companies. The company consists of FundedByMe.com, Feminvest and Laika Consulting, as well as 6 joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands, and Dubai/UAE. Together the group reaches over 269,000 registered investment members globally. For more information visit www.fundedbyme.com

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