Company Profile For NeoNet AB

NeoNet AB (NEO.ST) (Stockholm Stock Exchange)
sector: Financials · industry: Investment Services ·
As of  27 Nov 2009
16.50SEK
Price Change
+0.20
Percent Change
+1.23%
 
 
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Overview

Neonet AB is a Swedish brokerage agency and technology provider. It offers brokerage service and trading software solutions to professional market participants, such as banks, broker-dealers, institutional investors, hedge funds and marketplaces. Its activities are divided in two areas: execution services, which are commission-based, and system and software services, which comprise the marketing of the license-based Neonet XG products. The customers within the execution services area trade via their direct electronic links or through the Company’s trading desk. Its system and software services for electronic securities trading covers exchange connections, trading applications, support and the distribution of market data. It conducts its operations through a network of offices established in Sweden, the United Kingdom, the United States, Italy and Germany. As of December 31, 2008, the Company offered trading in approximately 20 marketplaces in Europe, North America, Asia and Oceania.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Neonet AB's revenue decreased 34% to SEK345.1M. Net loss for the period totaled SEK17.8M, vs. a net profit of SEK28.5M. Revenue reflects a decreased demand for the Company's products and services. Net loss reflects the absence of income from financial transactions and lower interest income for the period. Net loss also reflects higher depreciation and amortization charges for the period.

Company Address

NeoNet AB
Kungsgatan 33
Box 7545
Stockholm     103 93
P: +468.4541500
F: +468.104084

Total Employees

125

Find Out More About NEO.ST

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