New CFO and historical data
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PRESS RELEASE
Stockholm/Amsterdam, 1 February 2008 |
LBI International AB ("LBi"), the leading international full service digital agency, announces that the Group CFO, Mr. Jan Norman, will leave LBi at his own request by the end of March 2008. Mr. Norman will resign as CFO on February 29 and be at the disposal of the Group CEO during March. Mr. Jan Norman will join Keybroker AB as CFO in Stockholm on April 1.
Mr. Huub Wezenberg, today Group Controller in LBi, will be acting CFO from March 1. Mr. Wezenberg has been with the Group since 2000.
Mr. Fred Mulder, Chairman of the LBI International Board, "In his role as CFO of LBI International, Mr. Norman played a crucial role in the successful integration of the LB Icon and Framfab businesses. We established the vision to become the No 1 full service digital agency, and together we have been working to achieve our goal. It's been a pleasure to work with him in this challenging process."
Disclosure of historical financial data
During 2007, LBi has made changes in the reporting structure and principles for reporting of net sales. These changes are:
- Starting Q2, Benelux, Germany and South of Europe were aggregated to one segment
- Starting Q3, a new definition of net sales was introduced: the costs for pass through transactions in the business were deducted from sales
The restated financials on Group level in the quarterly reports for both 2006 and 2007 have been disclosed per segment.
See attached PDf for table with historical financial data.
For further information please contact:
Luke Taylor, CEO, LBI International AB
Jan Norman, CFO, LBI International AB
Eva Ottosson, Group Communications Manager, LBI International AB
About LBi:
LBi is the leading international full service digital agency, servicing clients with marketing and technology solutions. The Company employs approx. 1,500 professionals located primarily in the major European and American business centers, such as Amsterdam, Atlanta, Berlin, Brussels, Copenhagen, London, Madrid, Milan, Mumbai, Munich, New York, Paris and Stockholm. Through interdisciplinary teams, LBi creates innovative multi-channel solutions for its national and international corporate clients by uniquely combining strategy development and creative design with specific industry expertise and latest digital technology. LBi is listed on Euronext in Amsterdam as well as on the OMX Nordic Midcap segment in Stockholm (symbol: LBI).