COPENHAGEN, DENMARK — (Marketwire) — 05/16/12 — Euroinvestor launched a record number of new products and portals in Q1 2012. These include the launch of:
– a new Danish portal Euroinvestor.dk (new layout, improved functionality, a web shop with several new products and a more user friendly Eurotrader landing page – the trading platform of Euroinvestor) a new Euroinvestor.com for English speaking users;
– a new Forexinvestor.com (international FX site);
– EuroinvestorPrivat.dk – a portal that helps users (both private and corporate) to improve their negotiating positions with their financial service providers;
– Euroinvestor Cockpit – a platform which provides financial information to users in a simple and friendly way. Its simplicity and usefulness has already been widely acclaimed.
Euroinvestor Cockpit won Danish internet award
Euroinvestor Cockpit won the award “Best Financial Service Application” in the Danish Internet Awards 2012 held at the end of April. The tool has a unique look and feel and can be customised to meet users- requirements. Investors can share their personalised layouts and widgets with others (via social media and email) to help them develop ideas and gain inspiration for their own layouts and widgets. Euroinvestor Cockpit is expected to strengthen Euroinvestor-s position in international markets for financial information to retail investors and traders.
Upcoming launches
Euroinvestor.dk-s web shop was introduced to the Danish market and is expected to be launched in more countries during the coming quarters. Euroinvestor-s trading platform “Eurotrader” has so far been launched in Norway and the UK and will be rolled out in new countries during the next few quarters.
The Investor Relations business has seen a satisfactory development during Q1 and it is expected that Investor Relations- solutions based on the new Cockpit portal will provide new expansion opportunities for this part of the Euroinvestor Group.
“As was the case during the second half of the calendar year 2011, focus so far this year has been on strengthening the organisation to enable Euroinvestor to accelerate the pace of product development and improve the quality of our products and services – both with the aim of getting our investor portals ready for international growth opportunities that we see for Euroinvestor.com,” says Jeff Saul, CEO EuroInvestor.com.
Earnings highlights
Revenues in Q1 2012 were on par with Q1 2011, whereas profits, as planned, were marginally lower due to the accelerated product development and international focus.
The Danish advertising market has stabilised relative to the declining trend that was witnessed during the second half of 2011.
The 50.3 percent owned subsidiary Boliga ApS has developed satisfactorily during Q1 2012, particularly when taking into consideration the standstill in the Danish real-estate market. Boliga ApS launched in February a new portal ITvang.dk, which will increase the transparency of the compulsory sales market for the benefit of purchasers and mortgage creditors alike. Advertised property has had very satisfactory sales responses on ITvang.dk and overall the site has been given a warm welcome by market participants.
Outlook for 2012
The development in Q1 2012 confirms the full-year expectations for Euroinvestor.com A/S Group which are for:
Group revenue to be at least DKK 25.0 million compared to DKK 21.9 million in the 2011 calendar year, equivalent to a growth rate of at least 14 percent.
Net profit after tax and minorities to be around DKK 0 compared to DKK 15.1 million in 2010/11, which was an 18-month financial report because of the reorganisation of the financial year. Profit for 2010/11 included earnings of DKK 14.4 million as a consequence of a re-calculation of EuroInvestor-s participating interest in Boliga ApS.
Euroinvestor.com A/S will continue to focus on its long-term growth ambitions, including continued internationalisation and rapid product development, which both have higher priority than short-term financial results. There is still some uncertainty concerning the global economic environment and this may have a negative impact on advertising revenue as well as on user generated income related to financial market information, which are the primary sources of income for Euroinvestor.com A/S.
About Euroinvestor:
According to the Association of Danish Interactive Media (FDIM), Euroinvestor.com A/S is Denmark-s largest business and investor portal. Additionally, Euroinvestor is one of the leading investor portals in Scandinavia. Euroinvestor owns and operates investor and personal finance, education portals in Denmark, Norway, Sweden, France, the Netherlands, Italy, Spain and England. Euroinvestor also owns 50.3% of Boliga, which is the largest independent real estate portal in Scandinavia.
EuroInvestor.com A/S is a public Internet media company that provides investment information and financial news and data. It offers rates, stock quotes, Forex trading quotes and commodity prices, news, indices, gainers/losers, recommendations, and various investment tools for the investors through its Websites network.
Contacts:
Euroinvestor.com A/S
Jeff Saul
CEO
+45 43 58 30 00 or +45 20 20 10 32
, or
Euroinvestor.com A/S Philip Heymans Alle 5, 5.sal 2900 Helle
CVR 25 07 87 80 Tlf:
+45 43 58 30 00 or +45 20 20 10 32
Twitter at @euroinvestor
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