SpectrumOne AB — Interim / Quarterly Report 2018

Aug 23, 2018

Interim report April - June 2018

Interim report April - June 2018

Second quarter

· Net sales amounted to MSEK 6.1 (28.5)

· EBITDA amounted to MSEK -1.7 (2.3)

· EBIT amounted to MSEK -3.9 (-2.8)

· EBT amounted to MSEK -4.0 (-5.5)

· Earnings per share before dilutions amounted to SEK -0.08 (-0.15)

· Listed on Oslo Stock Exchange, Merkur Market

First half year

· Net sales amounted to MSEK 13.6 (57.6)

· EBITDA amounted to MSEK -5.9 (4.3)

· EBIT amounted to MSEK -10.3 (-5.7)

· EBT amounted to MSEK -14.4 (-11.3)

· Earnings per share before dilutions amounted to SEK -0.31 (-0.33)

Significant events after the reporting period

· After the reporting period TargetEveryone appointed Torkel Johannessen as

new CEO

The comparable 2017-numbers include the divested subsidiaries Vianett and

Sendega

CEO STATEMENT

The outstanding growth continues with 73% yoy

Good sales growth underpinned by good collaboration together with our partners

in Q2. This makes us confident that the upcoming months will show even better

development than we have seen so far this year. Our company moves forward with a

strategic core focus.

Growth continues

The second quarter shows that we maintain high growth on our core product even

though we had a demanding situation with full-quarter effect from the loss of

our biggest customer caused by bankruptcy, and significant management attention

on the IPO.

By mid spring, we also realized that we had been too occupied with selling our

new platform that will be launched this fall. We learned from this, and turned

our attention back towards our great current platform. This tactical change was

successful as we could see it reflected in the June sales figures. We also

notice that our partner model continues to develop successfully, which shows

that this strategic decision seems right so far. This is even before we have

started to sell through our North-American partner Vendasta. Our whole company

has also during the second quarter, put down a tremendous effort to integrate

with Vendasta, to ensure that they are ready to launch this August.

New CEO

I have tried to convince Torkel Johannessen to join our forces for several

years. The starting point was two years ago, when he joined our board. Thus, I

am proud to announce that Torkel Johannessen becomes the new CEO of

TargetEveryone from October 1st, this year. Torkel has extensive knowledge and

competence about our market and a great track record. He has been director of e

-commerce and the Omni channel in Norway's largest cosmetics company, VITA AS.

In total, he has more than 15 years of experience in digital media from the US,

the UK and the Nordic region and has worked for companies including Match.com,

Yahoo! and Egmont. I consider Torkel a brilliant person for this job, and I am

very satisfied that he comes on board. This will allow me to continue with full

effort on my greatest competence and interest - sales and business development.

Strategic focus

Due to changes in the Swedish SMS-payment business, we stopped delivering this

service in VMSPlay Sweden in May. This has been a running business for a long

time, even though it strategically has been outside our core. This has been a

low-margin operation, that now will be shut down, with costs removed. Besides

this, we generally monitor running costs carefully and remove and find synergies

where we can.

The development of our Spectrum platform is on track. This platform is even

faster, more solid and intelligent than our current. I am confident that this

will be a game changing launch this Fall, that will position TargetEveryone as

the leading MARTECH vendor in the Nordics.

Stockholm, Aug 2018

Björn Forslund, CEO

A presentation of the second quarter will be available on TargetEveryone´s

Investor page at 08.00 a.m. CET.

For further information contact:

Vegard Brattum

CFO

+47 977 00 338

vegard@targeteveryone.com

Certified Adviser:

Mangold Fondkommission AB (556585-1267)

Box 55 691 102 15 Stockholm

Telefon: +46 8 503 015 50

www.mangold.se

TargetEveryone AB (publ) is obligated to publish this information under the EU

Market Abuse Regulation. The information was provided by the above contact

person's auspices, for publication on August 23, 2018 at 07.30 a.m. CET.

About TargetEveryone

TargetEveryone is a leading MARTECH company that provides a cutting-edge

marketing solution, that helps customers target their market intelligently in a

swift and cost-effective manner. The cloud-based solution seamlessly helps the

user segment their customers, quickly create campaigns, and then distribute them

through email, SMS, Facebook, Twitter, LinkedIn or QR Codes. The solution is

based on big data to analyze and refine the customers behavior and demands.

TargetEveryone has over 3000 clients in more than 92 countries, and has

experienced strong growth as marketing investments continues to move from

traditional media to digital media. Customers include Nespresso, Coop, Vita,

Match, DNB, Krogh Optikk, Cirkel K and Red Cross. TargetEveryone´s headquarter

is in Oslo, with branch offices in Sweden, Holland, Portugal, India and USA.

TargetEveryone is listed on Nasdaq First North in Stockholm and Merkur Market in

Oslo.

www.targeteveryone.com