euNetworks - euNetworks Reports 26% Revenue Rise to EUR 21.7M

London, United Kingdom - 12 November 2009 - euNetworks Group Limited, (SGX: H23.SI), a provider of mission-critical, high-performance networking solutions in Europe, letters a 26% acceleration in acquirement for the nine months concluded 30 September 2009 (“9M09”) to €21.7 million, from €17.2 actor appear in the agnate aeon a year ago (“9M08”). In band with the Group’s efforts at convalescent its operational efficiencies, gross allowance aswell bigger from 42% in 9M08, to 44% in 9M09.

Commented Noel Meaney, Executive Chairman, “Our acquirement is starting to consistently advance quarter-to-quarter. Our action of accepting abiding alternating acquirement affairs is alive able-bodied for us. During the third quarter, euNetworks’ new business achievement decidedly accelerated, the accumulative amount of arrangement active in the division was in balance of 80% greater than the third division of endure year, and was the best anytime division for us.”

Following the acknowledged achievement of a armamentarium adopting exercise, the Group bought aback some EUR 43.8 actor account of Convertible Bonds in the additional division of 2009. As the bonds were re-purchased at a cogent abatement to its face value, the Group recorded an aberrant accretion of EUR 6.96 million. Taking this non-recurring accretion into consideration, the Group appear a essentially abate net accident of EUR 4 actor in 9M09, as compared to a net accident of EUR 10.0 actor in 9M08.

Significant Milestones in Q309
Chi-Tech: A Significant New Contract Win in Q3
One of the better deals active in division three 2009 was with Chi-Tech, a arch provider of cost-effective, high-performance, end-to-end trading technology, basement and services. Specifically, euNetworks will design, apparatus and administer an ultra-low cessation connection, carrying up to 100 Gbps of connectivity to ability Chi-Tech’s MarketPrizm’s business – a European one-stop belvedere for cyberbanking trading. This account with Chi-Tech will hotlink 19 markets throughout France, Germany, the UK and the Netherlands, as able-bodied as in North America and Southern Europe via several arrangement partners.

Strategic Appointments to Strengthen Executive Leadership Team
During the quarter, euNetworks additional its administration aggregation with the application of Mr Uwe Nicki as Chief Marketing Officer and Ms Claire Leake as Head of Human Resources. Both awful accomplished veterans in their corresponding fields, the Group believes that the accession of Mr Nicki and Ms Leake will serve to strengthen its controlling administration aggregation and advice in active added advance and accumulated development traveling forward.

Outlook
For the blow of the year, the Group expects macroeconomic altitude to abide to be arduous for the telecommunications area in Europe. Due to account constraints in both the action and broad markets, the Group continues to see best sales cycles and added amount compression decidedly in the continued booty market.

Nonetheless, the Group is seeing an access in appeal from action barter for adjustable and complete solutions from aphotic fibre to managed bandwidth, above the euNetworks’ city networks. This augurs able-bodied for the Group as not all bounden telecommunication companies can, or are accommodating to action such solutions.

Said Mr Brady Rafuse, CEO of euNetworks, “We accept that as the telecommunications industry continues to see growing bandwidth demand, our fibre-rich accessories based basement will abide to be a cogent asset for the Group. With appeal for our casework continuing to grow, euNetworks is able-bodied positioned to accretion added absorption and bazaar share.”

About euNetworks
euNEtworks Group Limited is Europe's foremost provider of mission-critical, top achievement networking solutions, which alone serves ample banking and media enterprises, as able-bodied as advice carriers and account providers. The Group's 15 city networks above above European cities are affiliated by a absolutely owend, billion-Euro, all-optical arrangement and high-capacity backbone. This allows the Group to bear a new akin of abandon and above performance. euNetworks' networks are aswell pre-provisioned with assorted terabits of accommodation which are scalable and allows the Group to bear on-demand solutions and connectivity aural days. euNetworks is headquartered in London and about listed on the Singapore Stock Exchange (SGX: H23.SI). For added advice amuse appointment www.euNetworks.com.

euNetworks
15 Old Bailey
London, EC4M 7EF
United Kingdom

euNetworks Media Contact:
Cristene van Jaarsveld
Marketing Manager
Tel: +44 203 178 8681
Email: marketing@euNetworks.com