NASDAQ OMX Copenhagen
Announcement no. 10/2009
Improved earnings in difficult market
Despite difficult market conditions Maconomy's first quarter of 2009 showed
earnings progress. Revenue decreased by 4% (2% after exchange rate adjustments)
to DKK 52.1 million. The lower revenue was due to lower licence revenue, which
is a result of longer customer decision cycles. Earnings before depreciation
(EBITDA) improved in the first quarter of 2009 to a loss of DKK 0.8 million
from a loss of DKK 5.3 million in the first quarter of 2008, in line with
expectations. Accordingly, the aggregate expectations for 2009 are maintained
at revenue of DKK 230 million, including licence revenue of DKK 65 million and
earnings before depreciation (EBITDA) of DKK 15 million.
Further information:
Hugo Dorph, CEO Klaus Juhl Wulff, CFO
Phone: (+45) 35 27 24 24 Phone: (+45) 35 27 23 67
E-mail: ir@maconomy.com E-mail: ir@maconomy.com
This announcement has been prepared in Danish and English. The Danish version
is to be considered the original version for official purposes. In case of any
discrepancy between the two versions, the Danish version shall prevail.
