Aspiro AB (publ): Interim Report January-June 2011

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Aspiro AB (publ): Interim Report January-June 2011

High Growth in Music—Over 300,000 Paying Users

Second quarter 2011

  · Net sales for continuing operations for the second quarter were SEK
71.3 m (SEK 60.4 m), equating to growth of some 18%.
  · EBITDA for continuing operations for the second quarter was SEK
-10.9 m (SEK -9.2 m).
  · The profit/loss after tax for continuing operations for the second
quarter was SEK -12.8 m (SEK -9.5 m).
  · The Music business segment increased sales by over 180% on the
corresponding quarter of the previous year. The number of paying users
passed 300,000, double the level at the end of the first quarter. Aspiro
signed a letter of intent with an Irish operator.
  · The TV business segment improved EBITDA on the corresponding quarter
of 2010 by SEK 1.5 m.
  · The Mobile Solutions business segment improved its earnings net of
direct expenses by SEK 1.2 m (some 17%) and its EBITDA by SEK 3.3 m on
the corresponding quarter of 2010.
  · Aspiro transferred Miles Ahead to EveryMatrix Ltd. from 1 April
2011.

Events after the Reporting Period

  · Aspiro's employees exercised 2,315,000 staff stock options in the
2009/2011 staff stock option plan. Exercise means Aspiro issuing
2,315,000 new shares for total issue proceeds of SEK 3,009,500. The
total number of shares is now 192,853,115, with the corresponding number
of votes. The managers purchasing shares included Aspiro's CEO, the Head
of Music, Head of TV and Head of Accounting.
  · Aspiro's music streaming service WiMP won a Meffys—the Oscars of the
mobile world, for Best Music Service.

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 is conducting several
concrete discussions with potential partners on new launches of music
streaming services.
  · Aspiro's goal is to achieve minimum 10% growth in the TV business
segment in 2011 compared to 2010. This goal has been downscaled from the
previously stated 25%, due to sales processes in the first half-year
taking longer than expected. With cost control and effective operation,
Aspiro
expects improved profitability in TV going forward.
  · Aspiro's goal for the Mobile Solutions business segment is to
improve its earnings net of direct expenses by a least 15% in 2011
compared to 2010.

”Aspiro's Music unit is continuing its brisk growth, in line with our
high growth goal. Music is now Aspiro's largest business segment in
sales terms, and has passed 300,000 paying users, double the previous
quarter. So far, our music services are present in four countries. We're
also continuing negotiations on further launches. We're improving
profitability in TV and Mobile Solutions step by step, and also noting
positive progress on the customer side for these segments going
forward,” comments 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 11 August 2011.

For more information, please contact: Kristin Castillo Eldnes, Head of
Corporate communication and IR of Aspiro, +47 908 07 389,
kristin.eldnes@aspiro.com (kristin.eldnes@aspiro.com) or Gunnar
Sellæg, CEO of Aspiro, +47 901 81 528,
gunnar.selleg@aspiro.com (gunnar.selleg@aspiro.com).

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