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Denmark — Internet job board market halves in 2009

15 March 2010

Jobindex (JOBNDX:CPH) the Denmark-based Internet job database operator, today publishes figures about the Danish labour market in its annual report.

The total Danish Internet job advertisement market grew from approximately 21.9 million Euro in 2003 to 46.7 million Euro in 2008 but then halved to 22.8 million Euro in 2009. These figures are based on data from the Association of Danish Interactive Media (FDIM).

As Staffing Industry Analysts reported earlier this year Jobindex's 2009 revenue was down by -45% to 7.9 million Euro compared to 2008. 2009 Profit before tax was down by -87% to 0.53 million Euro.

Jobindex are the largest player in the Danish market. The company provides an overview of approximately 85% of all the Danish job advertisements on the Internet. It also operates job databases through Jobsafari database in 10 other European countries: Sweden, Norway, Finland, Germany, the Netherlands, the United Kingdom, France, Austria, Switzerland and Spain.

The company expects to do better than the market in 2010 as clients drop smaller job boards and save on newspaper advertisements.

As of last trade Jobindex A/S (JOBNDX:CPH) traded at 270.00, 21.74% below its 52-week high of 345.00, set on April 23, 2009



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