Interim Financial Report - Cinnober Financial Technology AB

Period January 1, 2015 – September 30, 2015

  · Net sales for the period amounted to SEK 209.8 million (SEK 204.1 million).
  · Operating profit for the period amounted to SEK 9.0 million (SEK 2.8
million).
  · The loss before tax for the period amounted to SEK 27.3 million (profit SEK
2.4). In the third quarter, the book values of shares in the companies Binary
Event Networks Inc and Quadriserv Inc were written down in their entirety by a
total of SEK 36.8 million. Although this entails a non-recurring negative impact
on earnings, neither the consolidated operating results nor cash flow are
affected by the impairments.
  · Earnings per share before dilution for the period amounted to a loss of SEK
4.74 (profit SEK 0.53).
  · The proportion of recurring revenue for the period amounted to 61 percent of
net sales.
  · During the period, ASX, one of the world’s ten largest markets, chose
Cinnober as the supplier of a new trading system for both equity and derivatives
trading. This is categorized as a major* deal.
  · Cinnober has been selected by the European Commission to receive funding of
more than EUR 2 million to further develop its clearing technology for European
banks.
  · Following the end of the period, one of the world’s largest exchanges has
initiated a major design study involving Cinnober’s clearing technology.
*See commercial definitions on p.16 in the full Interim Financial Report.

“The market is currently pervaded by increasing optimism, associated in
particular with increasing trading volumes, which generate a willingness to
invest in systems in our niche,” says Veronica Augustsson, CEO, in a comment. “A
gradually increasing proportion of license revenues, combined with the influx of
customers over the past year, is beginning to have a positive impact on sales
and operational profitability. This is reflected in our net sales for the third
quarter of the year amounting to SEK 74.0 million, representing an increase of
SEK 9.9 million compared with the corresponding quarter in 2014. At the same
time, operating income for the third quarter amounted to SEK 8.0 million,
compared with SEK 0.0 million for the corresponding period last year.”

Attachment:  Interim Financial Report January 1, 2015 – September 30, 2015

Cinnober Financial Technology discloses the information provided herein pursuant
to the Securities Market Act (Sw. lagen om värdepappersmarknaden). The
information was submitted for publication on November 5, 2015 at 11:00 (CET).

For further information

Veronica Augustsson, CEO, phone +46 8 503 047 00,
veronica.augustsson@cinnober.com

Cinnober in brief

  · Cinnober develops mission-critical system solutions for exchange trading,
clearing, risk management and other financial services.
  · The target group consists primarily of international exchanges,
clearinghouses, banks and brokerages.
  · The company was founded in 1998, currently has 245 employees in Stockholm
and Umeå (excluding consultants) representing 29 nationalities.
  · The offering includes solutions in price discovery, order matching, market
data, index calculations, clearing, risk management and market surveillance.
  · The Cinnober share is traded on the Nasdaq First North. Avanza is the
Certified Adviser.