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Press release

Interim report April - June 2010

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Continuously reduced costs and positive cash flow

Reporting period april – june 2010

• Net sales amounted to SEK 182.7 million (209.1 m)
• The operating loss was SEK 10.7 million (-72.5 m)
• Adjusted for restructuring costs the operating loss was SEK 9.8 million (-54.3 m)
• The loss for the period was SEK 9.1 million (-75.8 m)
• EPS before dilution was SEK -0.06 (-1.32)
• EPS after dilution was SEK -0.06 (-1.31)
• Cash flow from current business was SEK 10.8 million (-0.2 m)

Period january – june 2010

• Net sales amounted to SEK 371.7 million (412.6 m)
• The operating loss was SEK 41.9 million (-130.4 m)
• Adjusted for restructuring costs the operating loss was SEK 39.5 million (-106.0 m)
• The loss for the period was SEK 40.8 million (-139.4 m)
• EPS before dilution was SEK -0.27 (-4.19)
• EPS after dilution was SEK -0.27 (-4.15)
• Cash flow from current business was SEK -78.2 million (-100.1 m)

Significant events during the reporting period

• Settlement was reached during the reporting period concerning two disputes from the company’s former business activities in the US, resulting in a positive effect on income of SEK 5.3 million
• In conjunction with a market evaluation of currency futures the operating profit/loss was credited with SEK 14.3 million concerning unrealized gains
• BRIO appointed Erik Penser Bankaktiebolag as liquidity underwriter for BRIO’s class C and class D preference shares and ordinary class B shares, all of which are quoted on NGM Equity
• The Board called an EGM on 22 July this year proposing the board’s renewal

CEO’s comments
“Cost-cutting measures are running according to plan; excluding one-off costs and currency effects, overall costs were cut by SEK 12.8 million during the reporting period. Despite the lower sales we’ve raised gross income through an improved gross margin of 6.3 percentage points, compared with a weak margin previous year. For the third consecutive quarter we can also report a positive cash flow. The process of change at BRIO is paying off and we’ve come a long way, even though there’s still a lot remaining.”

Andreas Sbrodiglia
President and CEO, BRIO



This information is published by BRIO AB (publ) in accordance with Swedish Law regarding the securities market and/or the law regarding trading in financial instruments. This information was submitted for publication at 3.30 pm on 22 July 2010.

Read the entire report here