Newtree Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004
Revenue	4.76	4.2	3.41	2.12	1.17
Revenue Growth (YoY)	13.19%	23.36%	60.95%	81.42%	41.99%
Cost of Revenue	4.1	3.41	2.74	1.51	1.06
Gross Profit	0.65	0.79	0.67	0.61	0.11
Selling, General & Admin	1.17	0.84	0.64	-0.18	0.14
Amortization of Goodwill & Intangibles	0.09	0.03	0.01	-	-
Other Operating Expenses	-0.13	-0.12	-0.08	0.54	-0.1
Operating Expenses	1.42	0.89	0.7	0.27	0.06
Operating Income	-0.77	-0.1	-0.02	0.34	0.05
Interest Expense	-	-0.01	-0	-	-0
Interest & Investment Income	0.23	0.03	0.02	0.02	-
Other Non Operating Income (Expenses)	-0.04	-0.07	-0.03	-0.01	0.01
EBT Excluding Unusual Items	-0.58	-0.15	-0.03	0.34	0.06
Asset Writedown	-0.08	-0.28	-0	-	-
Other Unusual Items	-0.02	-0.02	-0	-	-0
Pretax Income	-0.68	-0.44	-0.03	0.34	0.06
Income Tax Expense	-0.01	0	0.08	0.05	0
Earnings From Continuing Operations	-0.67	-0.44	-0.12	0.29	0.06
Net Income to Company	-0.67	-0.44	-0.12	-	0.06
Minority Interest in Earnings	0.01	0.02	0.01	-	-
Net Income	-0.66	-0.43	-0.1	0.09	0.06
Net Income to Common	-0.66	-0.43	-0.1	-	0.06
Net Income Growth	-	-	-	59.57%	177.72%
Shares Outstanding (Basic)	1	1	1	-	1
Shares Outstanding (Diluted)	1	1	1	-	1
Shares Change (YoY)	-	37.32%	-	-	11.09%
EPS (Basic)	-0.61	-0.39	-0.13	-	0.10
EPS (Diluted)	-0.61	-0.39	-0.13	-	0.10
EPS Growth	-	-	-	-	150.00%
Free Cash Flow	-	-	-	-	-0.04
Free Cash Flow Per Share	-	-	-	-	-0.07
Dividend Per Share	-	-	0.047	-	-
Gross Margin	13.73%	18.83%	19.71%	28.75%	9.57%
Operating Margin	-16.09%	-2.39%	-0.69%	16.01%	4.32%
Profit Margin	-13.88%	-10.16%	-3.04%	-	4.96%
Free Cash Flow Margin	-	-	-	-	-3.73%
EBITDA	-0.39	0.07	0.11	0.25	0.08
EBITDA Margin	-8.15%	1.61%	3.32%	11.87%	6.43%
D&A For EBITDA	0.38	0.17	0.14	-	0.02
EBIT	-0.77	-0.1	-0.02	0.34	0.05
EBIT Margin	-16.09%	-2.39%	-0.69%	16.01%	4.32%
Effective Tax Rate	-	-	-	-	0.10%
Revenue as Reported	4.9	4.33	3.51	-	1.27

Source: S&P Global Market Intelligence. Standard template. Financial Sources.