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AINMT Holdings AB: FY2012 RESULTS ANNOUNCEMENT

Pressmeddelande   •   Jul 08, 2013 13:00 CEST

Stockholm, July 8 2013 - AINMT Holdings AB, the parent company of Net 1 in Sweden and Denmark and ice.net in Norway, today releases its results for the year ending 31 December 2012.

Strong financial performance
In 2012, service revenues grew by 39% to MSEK 512.6 (2011 / MSEK 368.8). Group EBITDA improved to MSEK -9.5 in 2012 (2011 / MSEK -155.8). In addition, the Group achieved a significant milestone in 2012, by turning EBITDA positive on a monthly basis since June.

“The development in all markets where we operate was yet again positive in 2012, and our base continues to grow. The demand for data and more robust / complementary solutions ensures that the outlook remains positive for us and also drives us to continue investing. The Group now has significant experience and know-how in operating low frequency mobile data networks and we are keen to expand into other markets outside Scandinavia”, said JD Fouchard, CEO of AINMT.


 MSEK

2012

2011

2010

Service revenues

512.6

368.8

266.0

EBITDA*

-9.5

-155.8

-300.8

Net profit/loss for the year

-175.0

-252.9

-234.9

Book equity

455.3

512.6

517.6

Total assets

983.2

1 009.4

860.9

Number of employees

59

51

50

Equity/assets ratio

46.4%

50.9%

60.1%

For more information, please contact:
Ann Winitsky
E-mail: info@ainmt.com

About AINMT
AINMT Holdings is the parent company of Net 1 in Sweden and Denmark and ice.net in Norway. The AINMT group provides 3G mobile broadband internet access, VoIP telephony and machine-to-machine solutions for consumers and businesses.

The AINMT group’s vision is to extend broadband services throughout Scandinavia by its use of the 450 MHz frequency in Sweden, Denmark and Norway. The group operates a highly-efficient complementary low-frequency 450 MHz network using state-of-the-art Ericsson equipment. Priority-service customers such as police, ambulances, coast guard and the Red Cross reflect the superior performance, coverage and reliability of the group’s services.

The group´s mobile broadband has unbeatable coverage and operates throughout Scandinavia. It is the only operator to provide nation-wide broadband coverage with an offshore reach of up to 120 km. Our network covers up to 95% of Sweden, up to 98% of Denmark and up to 75% of Norway. AINMT is one of the fastest-growing operators in Scandinavia.



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