| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 12 Months | 12 Months | ||||
| ended | ended | ended | ended | ||||
| 31.12.12 | 31.12.11 | 31.12.12 | 31.12.11 | ||||
| (USD 1000) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | |||
| Total operating revenue | 55 005 | 40 122 | 141 043 | 81 245 | |||
| EBIT | 21 388 | 10 394 | 40 456 | 4 702 | |||
| Net Profit / (Loss) from continuing operations | 18 522 | 8 308 | 29 527 | 14 391 | |||
| Cash flow from operating activities | 31 872 | 9 600 | 94 951 | 16 337 | |||
| Investment in Multi Client Libraries | 14 456 | 4 417 | 78 558 | 54 162 | * | ||
| Cash and cash equivalents | 16 988 | 5 953 | 16 988 | 5 953 | |||
| * Of MUSD 54.2 in Multi Client Capex, MUSD 22.9 was financed through a contribution in kind. | |||||||
Q4 Highlights
n Multi Client sales in the quarter totalled MUSD 54.4 (2011:MUSD 38.8)
n Revenue share on Multi Client sales was 7.7% compared to 41.9% in Q4 2011, giving net revenue of MUSD 50.2 (2011:MUSD 22.5)
n EBIT in the quarter of MUSD 21.4 (2011: MUSD 10.4)
n Multi Client investment was MUSD 14.5 with 171% prefunding (2011:MUSD 4.4)
n Operational cash flow in Q4 of MUSD 31.9 (2011:MUSD 9.6)
For further information or questions please contact Henning Olset, CFO
Email: Henning.Olset@Spectrumasa.com
Tel: + 47 23014965
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
