During the first six months 2006 Eastpoints profit before depreciation (EBITA) amounted to 5,1 MSEK and the turnover to 29 MSEK. Compared to the same period last year it represents an increase of 100%. The company has grown with an average of 74% the last 5 years. Sales forecast for 2006 exceed 55 MSEK. 

”The figures for the first six months are better than expected! We have proven before that we can grow with profitability. Now that we go public we will have the power to grow further mainly outside of Sweden. A first step has been taken with the establishment in Norway the 1st of March 2006. Now we move on mainly to Eastern Europe, says Mattias Kaneteg CEO and founder of Eastpoint.

We would like to be the complete and natural partner for small- and medium sized companies that want to establish and do business on the Internet. The strong sales culture within the Eastpoint group will be used to generate maximum benefit for the clients.

More about Eastpoint:
The company was founded in 1999 by the CEO Mattias Kaneteg. The basic conditions where two empty hands, borrowed share capital from friends and a basement office. Since then Eastpoint has been profitable every year. The company mission is to help companies to develop their business on the Internet. A website should be low cost hosting, user friendly, have many visitors and most important generate business. We help over 40 000 clients with the whole range of services. Eastpoint-Group has 80 employees situated in offices in Årsta (Stockholm), Norrköping, Borås, Malmö and Oslo. In the beginning of September Eastpoint will be quoted on the NGM stock market.

For more information regarding the contents of this press release, please contact Eastpoints CEO Mattias Kaneteg at +46 735-111444.