Strong growth for BSB during the first 2008 semester and promising outlook for the second 2008 semester

5 September 2008

The significant increase of the company’s activities still continues and is reflected in both business units « software publishing » and « services ». BSB recorded revenues of EUR 10.5 million in the first half of 2008, which represents an increase of 35% compared to the same period of last year. This significant increase of the activities comes with an important improvement of the profitability which increased per 30 June 2008 by EUR 0.6 million. The EBIT per 30 June 2008 is EUR 1.2 million while it was still slightly negative per 30 June 2007.

During the first half of 2008, a number of contracts have been signed offering promising commercial prospects at European level, including in the countries outside BSB’s traditional domestic markets. The management is confident that the target for 2008, i.e. revenues of EUR 19.5 million and EBIT of EUR 1.8 million, will be met.

The highly successful IPO at the beginning of the second half of 2008, has brought in additional financial means (EUR 4.46 million, including the contribution coming from the offer to the personnel) allowing the company to consolidate its positions on its historic markets and to support its expansion strategy in order to become the privileged partner of insurance companies at European level.

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