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2018-08-10 08:30 CEST
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Hoylu AB publishes the First Half Year 2018 Interim Report


Malmo, Sweden, August 10, 2018

The complete version of the First Half Year 2018 Interim Report is attached in this press release and is available on Hoylu's web site (www.hoylu.com).

"We continue to strengthen our relationships and business potential with both existing customers and new prospects. We are very pleased that our largest customers continue to expand their business with Hoylu. We have received repeat orders from Proctor & Gamble, Holland America Line, Skanska, Daimler and Suffolk. We continue to add new partners and resellers and we have ongoing discussions with large brands who want to include Hoylu Suite in their portfolio." says Hoylu Chief Executive Officer, Stein Revelsby.

FIRST HALF YEAR 2018 (01/01/2018 - 06/30/2018)
-    Revenues for the first half year were SEK 11.4 million (9.9)
-    Gross margin was 70 percent (71)
-    Operating loss amounted to SEK 16.3 million (-10.9)
-    Profit after tax amounted to SEK -16.7 million (-10.9)
-    Earnings per share amounted to SEK -1.15 (-1.35)

SECOND QUARTER 2018 (04/01/2018 - 06/30/2018)
-    Revenues for the second quarter were SEK 6.0 million (8.0)
-    Gross margin was 68 percent
-    Operating loss was SEK 8.2 million (-4.9)
-    Profit after tax amounted to SEK -8.4 million (-4.9)
-    Earnings per share amounted to SEK -0.56 (-0.60)

The interim report for Hoylu has been prepared in accordance with the Annual Accounts Act and the Swedish Accounting Standards Board on annual report, and consolidated financial statements BFNAR 2012: 1 (K3) as well as the Swedish Securities Market Act.

For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com

About Hoylu

Hoylu delivers innovative enterprise solutions to allow global teams to collaboratively plan, create and share information that enrichen the user experience in the virtual office. The Hoylu Suite delivers a comprehensive set of personalized connected workspaces to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Education, Pharmaceutical, Construction, Manufacturing, Graphic Design and many more.

For more information: www.hoylu.com or visit www.introduce.se/foretag/hoylu

Ticker symbol: Hoylu
Marketplace: Nasdaq First North Stockholm
Certified Adviser: Mangold Fondkommission AB +46 (0) 8 50 301 550

Publication
This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (08:30) CEST on August 10, 2018.

HUG#2210294