Aspiro AB (publ): Interim report January

Aspiro AB (publ): Interim report January - March 2011

High Growth in Music—Improved Profitability in TV and Solutions

First quarter 2011

  · Net sales for continuing operations for the first quarter were SEK
64.5 m (SEK 51.0 m), equivalent to growth of some 26%..
  · EBITDA for continuing operations for the first quarter was SEK -10.1
m (SEK -11.5 m).
  · The profit/loss after tax for continuing operations for the first
quarter was SEK -13.5 m (SEK -11.4 m).
  · The Music business segment increased sales by over 150%, in line
with the company's objective, and the number of paying users passed
150,000. Aspiro signed an agreement with Canal Digital, meaning 700,000
Norwegian households get offered Aspiro's WiMP music service bundled
into their TV subscriptions. For Aspiro, this agreement has a value of
some SEK 50 m over 18 months. The agreement starts to take effect in the
second quarter. Aspiro launched WiMP in Sweden, and signed a
collaboration agreement with Telenor in Sweden.
  · The TV business segment increased sales and EBITDA improved on the
corresponding quarter of 2010.
  · The Mobile Solutions business segment improved earnings net of
direct expenses and delivered a positive EBITDA in the quarter.
  · Aspiro signed an agreement with EveryMatrix Ltd. to transfer the
subsidiary Miles Ahead from 1 April 2011. The net sales of Miles Ahead
were SEK 2.5 m in 2010 and EBITDA was SEK -9.1 m, which means that the
transfer will have a positive effect on Aspiro's profitability going
forward.

Outlook

  · Aspiro is maintaining its focus on growth, primarily in the Music
and TV business segments. Aspiro will achieve improved profitability
through growth.
  ·  Aspiro's goal is to achieve minimum 150% growth in the Music
business segment in 2011 compared to 2010.
  · Aspiro's goal is to achieve minimum 25% growth in the TV business
segment in 2011 compared to 2010.
  · Aspiro's goal is for the Mobile Solutions business segment to
improve its earnings net of direct expenses by at least 15% in 2011
compared to 2010.

Events after the End of the Period

  · Subscriber growth in Aspiro's Music segment increased further and
passed 200,000.
  · Aspiro TV expand its deliveries to Telenor in connection with the
telco's increased initiatives for TV and video services in the Nordic
countries.

”Aspiro is a very strong growth company. The Music business segment has
the highest growth, and we now have 200,000 paying users on four
markets. The TV segment is improving earnings, while Mobile Solutions is
profitable for the first time in a long period,” commented Gunnar
Sellæg, Aspiro's CEO.

This information is mandatory for Aspiro AB (publ) to publish pursuant
to the Swedish Securities Exchange and Clearing Operations Act and/or
the Swedish Financial Instruments Trading Act. This information was
submitted for publication at 8:30 a.m. on 12 May 2011.

For more information, please contact: Kristin Castillo Eldnes, Head of
Corporate communication and IR, Tel: +47 908 07 389, e-mail:
kristin.eldnes@aspiro.com (kristin.eldnes@aspiro.com), Gunnar Sellæg,
CEO, Tel: +47 901 81 528, e-mail:
gunnar.selleg@aspiro.com (gunnar.selleg@aspiro.com)
Aspiro AB (publ): Interim report January - March 2011

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