28% growth in net profit first half of 2014

Net profit growth of 28% is the result of first half 2014 compared with first half 2013.

We have today announced the result for the first half of 2014 to NASDAQ/OMX/Copenhagen/FirstNorth exchange. 

We have seen a growth in net profit to app 50,000€. Grossmargin has however shown a small decline. This is primarily due to a change in customer financing of FastPass. We see more customers decide for lease models compared to purchase models, with the effect that revenue at decision point is much lower. This is then compensated in the future by higher payments.

The board still expects growth for 2014 compared to 2013 in as well grossmargin as net profit. For details (in Danish) please link to FirstNorth information