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Talentum Interim Report January-June 2010

TALENTUM OYJ INTERIM REPORT 21 July 2010 at 9.00 am

TALENTUM INTERIM REPORT JANUARY-JUNE 2010

April-June 2010 in brief

- Net sales EUR 21.1 million (EUR 16.7 million)
- Operating income (EBIT) EUR 0.5 million (EUR -2.6 million)
- Operating income without non-recurring items EUR 0.5 million (EUR -0.9 million)
- Amortisation of the intangible assets allocated from the goodwill of Sverige Bygger, which was acquired at the end of 2009, was EUR 0.3 million for the first half of the year.
- Earnings per share EUR 0.01 (EUR -0.04)

January-June 2010 in brief

- Net sales EUR 40.5 million (EUR 34.6 million)
- Operating income (EBIT) EUR 0.5 million (EUR -2.9 million)
- Operating income without non-recurring items EUR 0.5 million (EUR -1.1 million)
- Earnings per share EUR 0.01 (EUR -0.05)
- Net cash flow from operating activities EUR 4.8 million (EUR -1.0 million) - Net liabilities EUR 7.9 million (EUR 12.2 million)

Sector and Talentum prospects for 2010

The growth in the activeness of Talentum’s customers, which started at the end of 2009, continued also during the second quarter of 2010. This could be seen as improved sales figures in Sweden. The trend was positive in Finland, too. However, it was more subdued than in Sweden.

Talentum keeps the prospects for the whole year unchanged and estimates that its comparable total net sales for the year will increase from the previous year (2009) and that the operating income will be positive.

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