NetBooster Holding A/S (Former Guava A/S) -Interim Report

Negative EBITDA development compared to the same period of 2011.

NetBooster Holding A/S’ Interim Report for the financial period from 01 January – 30 June 2012 (financial accounts for 6 months) shows a loss in the amount of DKK -3.1 million before interest, taxes, depreciation and amortisation (EBITDA) compared to a loss in the amount of DKK -1.0 million for the same financial period the preceding year.

The CEO of the Company, Nils Carlsson, comments:

"It has been a difficult period for the company, and even with a higher turnover we have - due to a decline in the gross margin - failed to produce a satisfactory gross profit and EBITDA.

The company has during the period completed a restructuring of several of its subsidiaries, resulting in costs of 1.9 million; this is obviously a major factor for the unsatisfactory result.

However, we look with optimism at the future for the Company, we are starting to see the effects of the adjustments that we have carried out in the first half of the year, which gives us better opportunities to grow and to appear stronger in the market as part of the international NetBooster Group. We therefore expect a significant improvement in EBITDA in the second half of the year." 

Please see enclosed report.

Kind regards

NetBooster Holding A/S