Operating profit increased 58 percent
2008-08-19
First half-year 2008 compared with same period 2007.
INTERIM REPORT
1 January - 30 June 2008
Price-sensitive information reported to the Swedish Financial Supervisory Authority
Operating profit increased 58 percent
First half-year 2008 compared with same period 2007
>>Net sales amounted to SEK 833m (645), an increase of 29 percent.
>>Operating profit was SEK 76m (48), an increase of 58 percent.
>>Profit after tax was SEK 89m (56), an improvement of 59 percent.
>>Cash flow from operating activities was SEK 108m (43), an increase of 151 percent
>>The shares in AS WMG (Webmedia) were sold during the first half-year with a capital gain of SEK 13m. (The capital gain is included in "Profit after tax" and in Earnings per share but not in the operating profit).
>>Earnings per share after dilution amounted to SEK 1.13 (0.64), an increase of 76 percent.
Second quarter 2008 compared with same period 2007:
>>Net sales amounted to SEK 424m (321), an increase of 32 percent.
>>Operating profit was SEK 38m (18), an increase of 111 percent.
>>Profit after tax was SEK 38m (24), an improvement of 58 percent.
>>Earnings per share after dilution amounted to SEK 0.49 (0.26), an increase of 88 percent.
For further information, please contact
Lars Wollung, President and CEO Tel: +46 (0)8-699 73 09
Bengt Lejdström, CFO Tel: +46 (0)8-699 73 14
Acando is a consultancy company that in partnership with its clients identifies and implements business improvements through information enabled by technology.
Acando offers a balance between high customer satisfaction, short project times and low overall cost. The Acando Group has annual sales of around SEK 1.5 billion, and employs more than 1,100 professionals in six countries in Europe. The Company is listed on the OMX Nordic Exchange.
Acando's corporate culture is based on our core values of Team Spirit, Passion and Results.
www.acando.com