Aspiro AB (publ): Interim Report January - March 2010

Aspiro AB (publ): Interim Report January - March 2010

Significant Strategic Breakthrough in Music Business Segment

The Quarter in Brief
- Net sales for the first quarter were SEK 105.0 m (SEK 112.5 m). Sales
increased in the Music, Mobile TV and Mobile Solutions business segments, and
decreased in Mobile Entertainment and Mobile Search.
- First-quarter EBITDA was SEK 1.1 m (SEK -3.7 m).
- Profit/loss after tax for the first quarter was SEK -4.2 m (SEK -7.3 m).
- Strategic breakthrough in the Music business segment. Aspiro and
Platekompaniet launched WiMP in Norway and Aspiro signed an agreement to deliver
a white label service for Universal AB in Sweden. U.S. content provider
Thumbplay launched a music streaming service which uses select elements of
Aspiro's music content management system.
- High growth in the Mobile TV business segment. Definitive agreement signed
with a European operator with an estimated value of more than SEK 50 m over 2½
years.
- Growth in Mobile Solutions. Aspiro provided the voting for the Eurovision Song
Contest entries in Norway and Lithuania.
- Significant profitability gains in Mobile Entertainment due to downscaled
marketing and staffing.

Events after the End of the Period
- Aspiro launched its music streaming service in Denmark with Telenor.
- Aspiro signed a micropayment agreement with Norwegian marketplace Finn.no.

Outlook
- Aspiro is continuing to focus on growth in Mobile TV, Music and Mobile
Solutions.
- Market progress is negative in Mobile Entertainment and Mobile Search, which
is expected to affect overall growth and earnings performance. Aspiro is
focusing on maximum profitability in these segments and is evaluating structural
measures.

CEO's Comment

”Aspiro's repositioning continues, and in the first quarter we made a
breakthrough in the Music business segment with our launch of WiMP in Norway.
Meanwhile, Mobile TV and Mobile Solutions are growing, and these three segments
now provide the majority of our sales,” commented Gunnar Sellæg, CEO

KEY FIGURES	JAN-MAR 2010	(2009)	
Net sales, SEK m	105.0	(112.5)	
EBITDA, SEK m	1.1	(-3.7)	
Earnings after tax, SEK m	-4.2	(-7.3)	
Basic earnings per share, SEK	-0.02	(-0.04)	
Diluted earnings per share, SEK	-0.02	(-0.04)	
Cash at end of the period, SEK m	63.1	(86.0)	
Equity/assets ratio, %	73	(71)	
Return on equity, %	-1.47	(-2.50)	
Return on capital employed, %	-1.57	(-2.44)	
Operating margin, %	-4.5	-7.7	
Cash flow from operating activities per share, SEK	0.04	(-0.02)	

This information is mandatory for Aspiro AB (publ) to publish pursuant to the
Swedish Securities Exchange and Clearing Operations Act and/or the Swedish
Financial Instruments Trading Act. This information was submitted for
publication at 8:30 a.m. on 12 May 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

About Aspiro
Aspiro has unique positioning as the world's only provider of complete TV and
music streaming services for partners that want to put their own branding on the
service. As the northern European market leader in mobile entertainment, Aspiro
has over ten years' experience in mobile technology and retail, delivering
services to partners worldwide like T-Mobile, Telefónica O2, Telenor, 3,
TeliaSonera, Tele2, the BBC, Aftonbladet, mBlox, TVNorge, Entel and VG. Aspiro
is listed on Nasdaq OMX Nordic Exchange Stockholm and has a local presence in
all the Nordic and Baltic countries, as well as the US. Sales in 2009 were SEK
441 m and the company has some 150 employees.