Acando's financial goals, and realised repurchase of shares

Acando's financial goals The Board of Directors has resolved that Acando's overall goal shall be to increase earnings per share (EPS) by at least 15 percent per annum. There will however be certain restrictions with regard to the maximum debt-equity ratio and minimum available liquidity.
 
Repurchase of own shares
In accordance with an authorisation granted by the annual general meeting of shareholders, the Board of Directors resolved in the beginning of February to repurchase class B shares up to an amount of SEK 30 million, with however a maximum of 3,000,000 shares.

Further to this resolution, the Company repurchased in February and March 2008 a total of 2,418,036 class B shares, corresponding to 3.1 percent of the number of outstanding shares, for approximately SEK 30 million.

Further information is available from
Per Killiner, Chief Financial Officer, Acando AB tel: +46 (0)8-699 74 06
Ulf J Johansson, Chairman, Acando AB tel. +46 (0)8-699 70 00

Acando is a consultancy company that in partnership with its clients identifies and implements business improvements through information technology. Acando provides a balance of high business value, short project times and low total cost. Acando’s annual turnover exceeds SEK 1 billion and the Group employs more than 1,100 professionals in six European countries. The Company is quoted on the OMX Nordic Exchange.
www.acando.se