TrustBuddy guiding update: TrustBuddy revenues exceed expectations again
Stockholm, 2012-11-28 15:29 CET (GLOBE NEWSWIRE) --
Following the Guiding Update of 25 September 2012, the company deems it necessary to further increase the 2012 guiding due to stronger growth than expected.
Previously, revenue for 2012 was estimated at 30 million, and this is now surpassed by more than 10 percent. Due to higher activity the new revenue target for 2012 is adjusted upwards to SEK 39 million – up 30 percent from the previous revenue guiding. Lending turnover is increased by 10 percent, in addition to the previous increase of 10 percent, which was publicized in September. In total the lending turnover will reach SEK 242 million for 2012.
TrustBuddy has chosen to invest the increased earnings in the license procedure (Credit Market Institution), which will give a huge positive effect on earnings and expecting to give a higher valuation in the future. Therefore, the pre-tax profit does not fully reflect the increased revenue and turnover figures. Profit guiding is expected to stay as earlier guided .
For more information, please contact:
Jens Glasø, VD, TrustBuddy International AB (publ)
+47 40 40 47 50, firstname.lastname@example.org
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.