| Mamut increases revenues and improves cash flow from operations |  | (Oslo, 28 April 2011) Mamut reached operating revenues of MNOK 128.6 in the first quarter of 2011, compared to MNOK 123.7 in the same quarter in 2010. The company reached EBIT of MNOK 6.9 compared with MNOK 7.5 in same quarter 2010. The company expects a slight overall improvement for the first six months of 2011 compared with the same period in 2010. |
|
| |
| More news |  |
|
| Is your business ready for Real Time Information (RTI)? |
|
| Mamut increases customer value for European SMEs with the general availability of Microsoft Office 365 |
| (Oslo/London/New York, 28 June 2011) Mamut announced today that Office 365, Microsoft’s next generation cloud productivity service is available, and will be included as part of Mamut’s business solutions and hosting offerings to its customers across Europe. |
| Proposed offer from Visma |
| On June 7th, Visma AS announced its intention to launch a voluntary cash offer for all outstanding shares in Mamut. The offer document is expected to be completed in the coming weeks.
|
| Mamut improves profitability and reaches record sales during a strong quarter |
| (Oslo, 24 February 2011) Mamut reached operating revenues of MNOK 133.0 in the fourth quarter of 2010, compared to MNOK 131.4 in the same quarter in 2009. The company reached EBITDA of MNOK 20.2 and EBIT of MNOK 4.9, representing an EBIT improvement of MNOK 7.3 from same quarter 2009. |
| Mamut improves margins and experiences underlying growth |
| (Oslo, 28 October 2010) Mamut reached operating revenues of MNOK 113.4 in the third quarter of 2010, compared to MNOK 113.8 in the same quarter in 2009. The company reached EBITDA of MNOK 19.1 and EBIT of MNOK 4.6 for this quarter, representing an EBIT improvement of 60 per cent from 2009. |
| Mamut to include Microsoft Office 365 in key offering to small businesses in Europe |
| (Oslo/San Francisco, 19 October 2010) Mamut today announced that it will include Microsoft Office 365 as part of the company’s business solution and hosting offerings to its more than 400,000 customers across Europe. Microsoft Office 365 is a significant element in further embedding the next wave of cloud based services in the award-winning Mamut One business solution. Including Microsoft Office 365 in all offerings underlines Mamut’s continued dedication to deliver added customer value while further reducing operational complexity and infrastructure investment needs. |
| Mamut improves profitability in second quarter |
| (Oslo, 26 August 2010) Mamut reached operating revenues of MNOK 118.0 in the second quarter of 2010. The company reached EBIT of MNOK 11.3, compared to 9.6 in second quarter 2009. As part of the company’s streamlining process, Mamut has in 2010 reduced cost base, headcount and investment level to improve its financial scalability and prepare for future growth. |
| Mamut with solid results and improved cash flow from operations |
| (Oslo, 29 April 2010) Mamut reached operating revenues of MNOK 126.3 in the first quarter of 2010. The company reaches EBIT of MNOK 10.1, compared to 11.1 in first quarter 2009. The company improved cash flow from operations and strengthened balance sheet during the quarter due to continued streamlining of operations, including reduced cost base, headcount and investments. |
| Mamut brings new choice for UK Mac business users with launch of AccountEdge products |
| New solutions offer upgrade path and increased flexibility for former MYOB customers. |
| Mamut is well positioned for increased profitability |
| (Oslo, 25 February 2010) Mamut reached operating revenues of MNOK 496.6 in 2009, compared to MNOK 500.6 in 2008. The company reached EBITDA of MNOK 83.2 and EBIT of MNOK 21.9 for 2009. The company has strengthened its strategic position, product offerings and technology platforms combined with streamlining the operations to ensure margin improvements in 2010. |
| Mamut to launch new Mac accounting products for UK market |
| Mamut and Acclivity form partnership and provide upgrade path for MYOB Mac customers |
| Mamut to offer customers the ‘best of both worlds’ with Rentsoft™ |
| Award-winning business solutions offered to small and medium sized businesses in the UK on a pay-as-you-go subscription model |
| Mamut to provide new solutions and support for users of Microsoft Office Accounting in the UK |
| (London, October 30, 2009) From today, Mamut will take responsibility for product support for Microsoft Office Accounting users in the UK. In addition to receiving ongoing customer support from Mamut, current users of Microsoft Office Accounting will be offered a free upgrade to Mamut Business Software solutions. Microsoft will no longer distribute Microsoft Office Accounting in the UK as of November 16, 2009, but Mamut will continue to invest in product development and services to ensure an easy transition for the approximately 100,000 registered users of Microsoft Office Accounting in the UK. |
| Mamut focuses on margin and cash flow improvements |
| (Oslo, 29 October 2009) Mamut reached operating revenues of MNOK 365.2 in the first nine months of 2009, compared to MNOK 367.5 in the same period in 2008. The company reached EBITDA of MNOK 69.1 and EBIT of MNOK 23.6 for YTD 2009. The company expects a near term announcement of a strategic partnership. |
| Award-Winning Mamut One launches in the UK |
| New product combines software and services to provides UK SMBs with a “one-stop shop” for IT needs. |
| Mamut increases profitability in first six months of 2009 |
| (Oslo, 27 August 2009) Mamut reached operating revenues of MNOK 251.4 in 1H09. The company reached EBITDA of MNOK 51.2 and EBIT of MNOK 20.8, an EBIT improvement of 11 per cent compared with the same period in 2008. |
| Mamut wins 2009 Microsoft Worldwide Partner Awards |
| (Oslo 24 June 2009) Mamut wins the 2009 Microsoft Worldwide Partner Conference Awards with Mamut One in the Software-plus-Services category. Mamut was chosen as winner from a pool of total 2 000 entrants worldwide. |
| Mamut with record results in first quarter 2009 |
| (Oslo, 30 April 2009) Mamut reached operating revenues of MNOK 129.7 in the first quarter of 2009. The company reaches EBITDA of MNOK 26.3, compared to 23.2 in first quarter 2008. This represents an improvement of 13.0 per cent from first quarter 2008. The company continues the streamlining of operations by reducing cost base, headcount and investments in 2009. |
| Mamut with record high revenues in 2008 |
| (Oslo, 26 February 2009) Mamut continues its growth and reached operating revenues of MNOK 502.1 in 2008 compared to MNOK 445.1 in 2007, this represents a growth of 13 per cent. The company reaches EBITDA of MNOK 81.5 and EBIT of MNOK 25.1 for 2008. |
| Mamut Validis awarded “Best Use of Internet – Business” |
| (Oslo, 13 November 2008) Mamut Validis, a co-operation between Mamut and Validis, a division of Future Route, wins the prestigious UK Accountancy Age Awards “Best Use of Internet – Business 2008.” Mamut Validis is a core component in the all-inclusive business software solution Mamut One, combining the power and advantages of business software applications together with web-based solutions. |
| Mamut with 15 Per Cent Growth in Third Quarter and 55th Consecutive Quarter of Double Digit Growth |
| (Oslo, 11 November 2008) Mamut continues its growth and reached operating revenues of MNOK 367.8 in the first nine months of 2008, compared to MNOK 332.5 in the same period 2007, a growth representing 14 per cent. The company reaches EBITDA of MNOK 67.0 and EBIT of MNOK 24.7 for YTD 2008, an EBIT improvement of 76 per cent compared with the same period 2007. |
| Mamut Experiences 54th Consecutive Quarter of Double Digit Growth and Strongest Six Months on Record |
| (Oslo, 28 August 2008) Mamut continues its growth and reached operating revenues of MNOK 251.6 in 1H08, compared to MNOK 221.9 in 1H07, a growth representing 13 per cent. The company reaches EBITDA of MNOK 46.6 and EBIT of MNOK 18.6 for 1H08, an EBIT improvement of 55% compared with 1H07. |
| Mamut Announces Participation in Microsoft Online Services Reseller Alliance |
| (Oslo, Norway 9 July 2008) Mamut today announced that it will extend its software plus services offering with Microsoft Online Services, in order to provide customers with increased flexibility and additional services. Mamut also announced its support for the new Microsoft Online Services partner program. |
| Mamut and Lexware announce a strategic partnership in Germany |
| Mamut today announced that a Letter of Intent (LOI) has been signed with Germany's leading supplier of small business software, Lexware GMBH, a fully owned subsidiary of Haufe Media Group. Through a joint venture Mamut and Lexware will offer a co-branded edition of Mamut One with components from Mamut, Lexware and Haufe Group to the German SME segment. The two companies will also share and co-develop Software + Services platforms and components. |
| Mamut to extend Mamut Business Software on Microsoft Business Framework |
| (Oslo, September 18, 2003) - All our efforts are concentrated on making the best solution possible for our customers. Using the Microsoft Business Framework as part of our development platform will make sure that our users always will have the richest functionality available in Mamut’s productive business software, not only at present but in the future as well. We see our commitment to the Microsoft Business Framework as a commitment to our many users, says Eilert Hanoa. |
| Mamut with growth in Q2 |
| (Oslo, July 10, 2003) In the second quarter of 2003 Mamut ASA increased revenues by 16 percent to NOK 29,0 million, compared with NOK 25,1 million for the same period last year. Operating profit before depreciation (EBITDA) for Q2 was NOK 3,3 million, compared with NOK 1,6 in Q2 2002. |
