January – December 2007
* Sales +117% to SEK 1,165 million (535.8)
* EBIT +123% to SEK 113.7 million (50.9)
* Profit +90% to SEK 67.0 million (35.3)
* Profit per share SEK 4.46 (2.86)
* 9.8% operating margin, EBIT (9.5%)
* 10.1% operating margin, EBITA (9.6%)
* The year’s profits were affected by one-off costs of SEK 9.0 million
October – December 2007
* Sales +161% to SEK 390 million (149.5)
* EBIT +145% to SEK 43.9 million (17.9)
* Profit +189% to SEK 30.3 million (10.5)
* Profit per share SEK 1.56 (0.85)
* 11.3% operating margin, EBIT (12.0%)
* 11.7% operating margin, EBITA (12.1%)
* Plenware Oy acquisition
“An excellent year that concluded with acquisition of Plenware, a Finnish company, helped achieve a year of robust expansion – more than tripling the number of Group employees to 1,850 persons in early 2008. Cybercom is expanding geographically and gradually broadening its market, while retaining its focus on telecom. The Group now has 27 offices in 11 countries. The past year was one in which Cybercom implemented key strategic initiatives, through the Varchar, auSystems, and Plenware acquisitions, and through continued concentration on international delivery potential and management assignments – to address the ongoing globalisation trend.
In 2007, external events were further confirmation of Cybercom’s strategy and showed that customers increasingly request better service and 24/7 availability – at competitive prices. I see major potential in Cybercom – thanks to our attractive global sourcing proposition that combines clear local presence and cost-effective global delivery capacity. Several offshore-related discussions are under way with customers, and Cybercom won new assignments from Swedish and international companies.
We see continued high demand for IT consulting services in all segments, and customers increasingly request IT products, services, and support. New sub-segments are emerging, in which multimedia has gained significance. The trend of Internet, telecom, and media convergence was further reinforced.
After comprehensive integration efforts, we gradually moved our focus onto more aggressive marketing. The effects of joint sales activities became clearly visible in Q4, and organic growth totalled 12% for 2007. The final phase to integrate and co-localise the companies in Stockholm, Malmö, and Linköping was completed in Q4. In 2008, Cybercom will fully benefit from synergy effects of the auSystems acquisition.
Despite tough market competition, Cybercom continues to gain market shares and confirm its position as a leading international supplier in these segments: portals, mobile solutions, embedded systems, e-commerce, and business support systems (BSS). We have good potential to meet greater market requirements for cost-effective deliveries and become a leading global supplier of telecom, Internet, and media services.
I'm convinced that Cybercom is well-positioned for further growth in 2008.”
Stockholm, 5 February 2008
President and CEO of Cybercom
For more information, please contact:
Patrik Boman, president and CEO of the Cybercom Group + 46 73 983 89 79
Per Jonsson, CFO + 46 70 770 46 22
Patrik Anshelm, acting IR and communications director + 46 70 971 12 84