Sustained profit level as last year

Sustained profit level as last year

Acando's Interim Report 1 January-31 March 2009.

Period 1 January - 31 March 2009 compared with the same period 2008

•	Net sales amounted to SEK 409m (409), in line with previous year.
•	Operating profit, excluding restructuring costs, was SEK 42m (39), an increase
of 8 percent. 
•	Restructuring costs, regarding termination of personnel from the office in
Gothenburg, amounts to SEK 20m.
•	Operating profit, including restructuring costs, was SEK 22m (39), a decrease
of 44 percent.
•	Profit after tax was SEK 21m (52), a reduction of 60 percent.
•	Cash flow from operating activities was SEK 26m (41), a reduction of 36
percent.
•	The Group's cash and cash equivalents, including current investments, amounted
to SEK 207m (108) as at 31 March 2009.
•	Earnings per share, including restructuring costs, after dilution amounted to
SEK 0.27 (0.65), a reduction of 58 percent.

Acando has a continued good demand even though the overall economic growth came
to a halt during the fourth quarter of 2008. The operating profit, excluding
restructuring costs, is satisfying, given the current market conditions.
Acando's broad customer base has enabled a capacity move from customer segments
with declining demand (such as the automobile industry in western Sweden) to
customer segments that are still investing (such as the public sector in
Norway).

“Acando's significant presence within the public sector, the pharmaceutical and
healthcare industry and the energy sector means that we are less exposed to
major economic declines in other customer segments”, Acting CEO Bengt Lejdström
explains. 

However, the market in western Sweden has changed dramatically, why the company
adjusts both capacity and offering to the existing demand by reducing the number
of consultants in the region. In total 40 employees from the Gothenburg office
have terminated their employment, in accordance with the notice given on 4
February 2009.

Carl-Magnus Månsson was appointed President and CEO in Acando AB, on 24 February
2009. He is currently Vice President and CIO (Chief Information Officer) for the
Ericsson Group and commences as President and CEO for Acando 1 June, 2009. Bengt
Lejdström continues as Acting CEO until that date.

For full report see attached pdf.


For further information, please contact 
Bengt Lejdström, Acting CEO and CFO, +46 8 699 73 14
Marianne Olsson, Communications Manager, +46 8 699 74 50.

Acando is a consultancy company that in partnership with its clients identifies
and implements business improvements through information enabled by technology.
Acando provides a balance of high business value, short project times and low
total cost. Acando's annual turnover exceeds EUR 150 million and the Group
employs more than 1,100 professionals in six European countries. Acando is
listed at NASDAQ OMX Nordic. Acando's corporate culture is based on three core
values: Team spirit, Passion and Results. www.acando.com