Half-year Financial Report 2016

Nixu expanded to Sweden and developed technology-based services

Key facts for January–June 2016:

• Revenue: EUR 10,143.5 thousand (January–June 2015: 8,849.5), change:+14.6%
• EBITDA:  EUR  107.5  thousand  (828.6),  change: –87.0%, percentage  of revenue: 1.1% (9.4%)
• EBIT: EUR –433.5 thousand (395.9), percentage of revenue: –4.3% (4.5%). The EBIT includes EUR 468.5 thousand of goodwill amortization.
• Nixu entered the Swedish market by acquiring Europoint Networking AB.
• EBITDA  was  affected  by  strategic  allocations  in  internationalization  and development of technology-based services as well as slower than expected revenue intake between January and March.
• In March and June, revenue grew by +32.2%.