2008-08-21 Press release: Interim report no. 2 for the financial year 2008

Strong growth and continued positive development for the portfolio companies

The Group’s net income amounted to MSEK 3.0 (14.0) corresponding to SEK 0.08 (0.38) per share. Equity as at June 30 2008 amounted to MSEK 424.9 (431.2), corresponding to SEK 11.42 (11.59) per share. Cash and cash equivalents including liquid investments amounted to MSEK 38.8 (47.6).

Development in the portfolio companies has in general been strong during the first six months of 2008. MyPublisher has shown an increased growth in sales of approximately 93 percent, Qbranch 38 percent and Strax 1 percent.The growth in sales for Explorica for the financial year 2008/2009 is expected to amount to approximately 20 percent with improved profitability.

Diino continues to see a very strong increase in regard to the number of registered users. The company has more than doubled the number of users and has exceeded one million users during the period while simultaneously continuing to work on increasing the flow of revenue and strengthening the cash flow. The company expects to exceed 1.3 million users during August.

“Development in the portfolio companies has in general continued to be very good and no effects of the weakened economic cycle appear in the figures reported by the companies. This can somehow be explained by the companies having strong positions in their respective markets as well as they continue to be in a growth phase and generally grow faster than their markets.” says Johan Heijbel, Managing Director at Novestra.
The information provided in this interim report is such that AB Novestra is obliged to make public according to the Securities Market Act. The information has been released to the media for publication on August 21, 2008 at 8.55 am.

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