Guava A/S' Interim Report for the financial period from 01 July - 30 June 2010 (financial accounts for 12 months) shows a loss in the amount of DKK -4.6 million before interest, taxes, depreciation and amortisation (EBITDA) compared to a loss in the amount of DKK -20.6 million for the same financial period the preceding year. As previously announced, Guava has rescheduled their financial year and the rescheduling period runs from 01 July - 31 December 2010 (18 months). This Report is therefore a Quarterly Interim Report. During the latest 12 months, we have increased our business activities with our current customers and have achieved new international customers for the Guava Group even if not all these initiatives have yet resulted in revenues. At the same time, we have placed great focus on the profitability of Sales, which has resulted in an increase in both the Company's gross profit and gross margin. The gross profit for the period 01 July - 30 June 2010 has increased to DKK 45.8 million compared to DKK 35.0 million for the same period the preceding year. The gross margin for the period 01 July - 30 June 2010 has increased to 32% compared to 20% for the same period the preceding year. The CEO of the Company, Nils Carlsson, comments: ”A much improved business compared with 12 months ago and a gross margin improvement from 20% to 32%. This is very satisfying. Guava has several business units located in Sweden, Denmark and the UK. Guava Sweden is delivering stable positive results and has been doing so the last 12 months. Guava Sweden has opened a new big modern office in the city centre of Stockholm to be able to serve all new clients in the Stockholm area and to be able to continue the growth and hiring new employees. We can see much improved results in our Guava UK Business and the business is generating positive cash flows and the market is improving fast. The UK market is expecting to grow further and our business as well. Guava Online Marketing A/S in Denmark has now made a turnaround going from a negative EBITDA of 9.3 MDKK for the period 01 July 2008 to 30 June 2009 to a positive EBITDA result the last 12 months. In summary; it is a much improved business that is now generating cash in the operation. The affiliate business in Guava Group has been restructured with a new sales strategy and a new competitive affiliate platform with outstanding market features. We expect to see the result of this restructuring in the period to come. Guava is now also supporting clients from NetBooster's UK Company, which were acquired before summer. Those clients are now generating cash to Guava Group. Our client base is still growing and we are getting more international clients. This means that we are looking into the future with more optimism than we have for a long time”. The entire financial report is enclosed in a PDF-document. With kind regards Guava A/S Nils Carlsson Pascal Chevalier Group Chief Executive Officer Chairman Further information can be obtained by contacting the following persons: Guava A/S Horwath Revisorerne (Certified Adviser) Amaliegade 3-5 Strandvejen 58 DK-1256 København K DK-2900 Hellerup Nils Carlsson Søren Jonassen / Thomas Viscovich GroupChief Executive Officer State Authorised Public Accountant Tlf.: +46 766447700 Tlf.: 39 29 25 00 Mail: ir@guava.com Mail: s.jonassen@revisor.com t.viscovich@revisor.com
Guava A/S - Announces Interim Accounts for the period 1 July 2009 to 30 June 2010
| Source: NetBooster Holding A/S