Interim report January – September 2010


2010-10-20, 07:30

July – September

· Sales reached SEK 328.8 million (372.7) 
· EBITDA totalled SEK 35.0 million 
· EBITDA margin of 10.6% (9.1) 
· EBIT amounted to SEK 22.2 million (24.6) 
· EBIT margin of 6.8% (6.6) 
· EPS of SEK 0.56 (0.32)

January – September

· Sales reached SEK 1,126.2 million (1,305.3) 
· EBITDA totalled SEK 75.3 million (94.8) 
· EBITDA margin of 6.7% (7.3) 
· EBIT amounted to SEK 37.1 million (-216.4) 
· EBIT margin of 3.3% (-16.6) 
· EPS of SEK 0.54 (-7.57) 
· Total of 1,749 employees (1,863)

Strong profitability in a steadier market

For the third quarter, sales totalled SEK 328.8 million (372.7) with an EBITDA of SEK 35.0 million (34.1), leaving a 10.6% margin (9.1). We strengthened our profitability by streamlining our efficiency. Third quarter performance was characterized by the same activity and positive spirit that we noticed in the early part of the year. Although slowdown and uncertainty prevailed on the market and for Cybercom in April and May, the same effect has not been apparent in the third quarter. In a steadier market, I see good potential going forward.

The business situation has improved for all of our subsidiaries. I am pleased to note that our Singapore operation again is showing strong profitability. Further, we also successfully navigated the difficult market situation in southern Sweden. Today there is an upward trend with new customers and improved profitability. We have an expansion challenge – we have started recruiting in all urban regions and are returning to net growth.

This quarter we have worked to create a single, strong organisation in Sweden.  With a contnued focus on profitability, we are constructing an international Cybercom with a global structure designed for long-term, profitable and sustainable business.

Stockholm, 20 October 2010 

Patrik Boman
President and CEO

 

For more information, please contact:

 Patrik Boman, president and CEO +46 73 983 89 79
Odd Bolin, CFO +46 70 428 31 73
Kristina Cato, communications and IR manager +46 70 864 47 02

About Cybercom

Cybercom Group is an IT consultancy that offers global sourcing for local and international business transactions. The Group is a recognised supplier in security, internet and mobile services, embedded systems, and telecom management. Thanks to its extensive industry and operations experience, Cybercom offers strategic and technical expertise in telecom, industry, media, the public sector, retail, and banking and finance. Cybercom’s consultants operate around the world and the company has 26 offices in 10 countries. Cybercom was founded in 1995 and has been quoted on the NASDAQ OMX Nordic exchange since 1999.

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