Q-Free Fourth Quarter and Preliminary Full Year 2011

Back on track and well prepared for next steps. The Group generated revenues of 188 MNOK during the fourth quarter 2011 compared to 139 MNOK in the corresponding quarter in 2010. The corresponding figures for the full year were 705 MNOK compared with 568 MNOK. The operating profit in Q4 was 25 MNOK compared to 3 MNOK last year, and full year figures came with an EBIT of 59 MNOK in 2011 compared to a loss of 90 MNOK in 2010.“We are pleased to say that we now are back on track and well prepared for the next steps,” says CEO Øyvind Isaksen and continues: ”Even more important is that we have