Interim report July - September 2011

2011-10-27, 07:30

July – September 2011

· Sales of SEK 321.8 million (328.8)
· EBITDA of SEK 15.4 million (35.0) and margin of 4.8% (10.6)
· EBIT totalled SEK 5.6 million (22.2) and margin of 1.7% (6.8)
· EPS of SEK -0.04 (0.56)
· New management
· New financial objectives
· Outlook updated

January – September

· Sales totalled SEK 1,087.9 million (1,126.2)
· EBITDA of SEK 22.6 million (75.3) and margin of 2.1% (6.7)
· EBIT of SEK -158.6 million (37.1) and margin of -14.6% (3.3)
· EPS of SEK -4.55 (0.54)

CEO comment

Two months have passed since the Board appointed me acting President and CEO of Cybercom Group. I am very committed to leading Cybercom forward. There are some observations that I have made during these first weeks that I would like to highlight.

The organisational changes made in Sweden, merging three companies to one have not yet resulted in the positive effects we anticipated. We have completed the technical integration, including administration and support systems, but the business and operational integration is still to be completed in order to give the synergies that we want to achieve. Improving our performance in Sweden is one of our top priorities going forward.

Also, I see that Cybercom’s organisational set-up, with a geographical spread for global sourcing, is a potential that we have and can leverage on more. Therefore we will focus our sales even more towards turnkey solutions. We will build on our strong presence in the Nordic markets, and optimise the Group structure with international delivery capacity that over time shall focus on fewer and larger international units.

We will adapt to the current market situation by improving our sales, customer focus and business acumen, and thus increase our profitability.

Cybercom is strongly focused on being a Nordic IT company with global reach, delivering turnkey projects. To meet our strategy and the revised financial long term objectives we will re-evaluate our business plan in order to gradually meet these objectives.

Regardless of our challenges, Cybercom has an impressive asset in its people and the expertise in the Group. My role is to develop Cybercom’s potential further and deliver higher profits. I am confident that we can get back on the right track.

Stockholm, October 27 2011

Petteri Puhakka (acting)
President and CEO

For more information please contact

Petteri Puhakka, President and CEO (acting)
 + 358 400 414 623

Per Sundqvist, CFO (acting)
 + 46 72 531 98 08

Kristina Cato, IR and communications director
+ 46 70 864 47 02

The Cybercom Group is an IT consultancy that offers global sourcing for local and international business. The Group is a recognised supplier in telecom management, connected devices, Internet services, and security. 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 offices in 10 countries. Cybercom was launched in 1995, and its share has been quoted on the NASDAQ OMX Stockholm since 1999.

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