YEAR-END REPORT FOR THE FINANCIAL YEAR 2007 JANUARY 1 – DECEMBER 31, 2007, INCLUDING INTERIM REPORT FOR Q4 PERTAINING TO THE PERIOD OCTOBER 1 – DECEMBER 31, 2007
• The Group’s net income amounted to MSEK 4.7 (-114.2), corresponding to SEK 0.13 (-3.07) per share. Equity amounted to MSEK 421.8 (603.9), corresponding to SEK 11.3 (16.2) per share. Cash and cash equivalents amounted to MSEK 16.4 (293.4).
• During the period a distribution of MSEK 185.9, equivalent to SEK 5.00 per share was made to the shareholders through a redemption procedure.
• The development in the portfolio companies has continued positively, MyPublisher by showing an increased growth rate of 941%, Explorica’s growth rate was 23% and Qbranch’s 27%. Sales in Strax were down 4% compared to the previous year.
• Diino exceeded its goal of having 400 000 users by the end of 2007, and the number of users as at February 15, 2008 amounted to 750 000. Swisscom invested MEUR 2.3 in Diino in July 2007.
• The entire holding in Nove Capital Fund was redeemed for MSEK 300.8 during the spring. The investment gave a return amounting to MSEK 111.6, or, an appreciation in value of 59% since inception in May 2005.
“The development in the portfolio companies is very strong, and the prerequisites that 2008 will be a successful year for the portfolio companies as well as for Novestra are very positive. It is worth noting that MyPublisher shows an accelerated growth in sales, and that the growth in sales during the fourth quarter amounted to 108 percent. Qbranch showed an accelerated growth in sales, with a growth of approximately 37 percent in the fourth quarter.
The portfolio companies generally saw a very strong finish at the end of 2007 and the beginning of 2008 shows that the trend is continuing” says Novestra’s Managing Director, Johan Heijbel
1 Calculated on remaining operations. In total, the growth was approximately 74 percent for 2007 compared to 2006.
The information provided in this year-end 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 February 18, 2008 at 8.55 am.
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