Cologne, May 11, 2011. Sedo Holding AG today announced its consolidated business results for the 1st quarter of 2011. Both the sales trend and the pre-tax result exceeded the company’s expectations.

The Group’s sales revenues increased by 14.2% from EUR 28.9 million in the same period of the previous year to EUR 33.0 million. The positive sales trend, however, is not generally reflected in the results. The reasons for this were costs for a consulting project and investments for stronger growth in Affiliate Marketing, particularly abroad. As a consequence, earnings before interest, taxes, depreciation and amortization and writedowns on domains (EBITDA) declined by 15.4% from EUR 2.6 million to EUR 2.2 million. Due to higher depreciation and amortization in the previous year, largely resulting from a take-over in the Affiliate segment in 2006, which no longer had an effect in 2011, earnings before tax (EBT) increased by 11.8% from EUR 1.7 million to EUR 1.9 million. Earnings per share (EPS) remained stable at EUR 0.03.

On the basis of the market conditions as well as the previous positive business trend, the Management Board expects at least a doubling of the EBT based on expected sales growth of an unchanged 10%.

*EBITDA, i.e. result of operational activities before depreciation and writedowns on domains.