Aspiro AB (publ): Year-end Report 2009
2010-02-19 08:31
High Growth in Mobile TV and Music
- Net sales for the full year were SEK 441.4 m (SEK 425.6 m). Net sales were SEK 108.0 m (SEK 113.7 m) in the fourth quarter. Sales in Mobile TV were up 87% year on year. In Music, sales were up by 51% year on year.
- EBITDA for the full year was SEK 0.03 m (SEK 30.2 m). Fourth-quarter EBITDA was SEK -8.4 m (SEK 5.4 m). Non-recurring expenses relating to rationalization and adapting to the market in the fourth quarter were some SEK 7 m (SEK 0 m).
- The profit/loss after tax for the full year was SEK -13.7 m (SEK -206.4 m). The profit/loss after tax for the fourth quarter was SEK -13.5 m (SEK -216.1 m).
- New letter of intent signed in Mobile TV on a key account in Europe. This agreement is expected to bring net sales of over SEK 50 m over 2½ years.
- Completed Music streaming service now due for launch.
- New agreements signed in Mobile Solutions with Finnish media house Sanoma and mobile services provider mBlox. Apparat AS of Norway was acquired.
- The Board of Directors has decided to propose to the AGM (Annual General Meeting) that no dividends are paid for the financial year 2009.
- Aspiro is continuing to focus on growth in Mobile TV, Music and Mobile Solutions and these initiatives will expand going forward. Market progress in Mobile Entertainment and Mobile Search is negative, which is expected to affect overall growth and earnings performance. Aspiro is considering potential structural measures in Mobile Entertainment.
“In the fourth quarter. Aspiro focused on the build-up ahead of the launch of our new music streaming service and extended mobile TV capacity. Mobile TV and Music grew by 74% from 2008 to 2009. Demand from consumers means the growth potential for digital music and mobile TV is greater than ever,” commented Gunnar Sellæg. Aspiro’s CEO.
Key figures Oct-Dec 2009 (2008)
Net sales SEK. m 108.0 (113.7)
EBITDA, SEK. m -8.4 (5.4)
Profit after tax, SEK. m -13.5 (-216.1)
Earnings per share, SEK -0.07 (-1.13)
Cash at the end of the period, SEK m 57.9 (92.4)
Cash flow from operating activities before change in working capital. SEK m -6.2 (7.9)
Key figures Jan-Dec 2009 (2008)
Net sales SEK. m 441.4 (425.6)
EBITDA, SEK. m 0.03 (30.2)
Profit after tax, SEK. m -13.7 (-206.4)
Earnings per share, SEK -0.07 (-1.08)
Cash at the end of the period, SEK m 57.9 (92.4)
Cash flow from operating activities before change in working capital. SEK m 9.5 (26.3)
This information is mandatory for Aspiro AB (publ) to publish pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 8:30 a.m. on 19 February 2010.
For more information, please contact:
Kristin Breivik Eldnes
Head of Corporate communications and IR
Tel: +47 908 07 389
e-mail: kristin.eldnes@aspiro.com
Gunnar Sellæg
CEO
Tel: +47 901 81 528
e-mail: gunnar.selleg@aspiro.com
Aspiro in Brief
Aspiro is the market leader in mobile entertainment in the Northern European region. Using Aspiro’s services, users can do things like watch TV, listen to music and play games on their mobile phones. Aspiros subsidiary Rubberduck has a world leading mobile-TV solution. Aspiro is also one of the leading players in mobile marketing and mobile solutions in the Nordic countries. Services are delivered to companies such as Telenor, TeliaSonera, Tele2, 3, NRK and BBC. Aspiro was incorporated in 1998 and is a small-cap company listed on the Nasdaq OMX Stock Exchange in Stockholm. In 2009, Aspiro’s sales were SEK 441 m and the company has some 140 employees. The head office is in Sweden with local presence in Norway, Sweden, Finland, Denmark, Estonia, Latvia, Lithuania and the US.
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