Interim Report January 1 - March 31, 2010

Interim Report January 1 - March 31, 2010

•	Net sales amounted to SEK 360 m (409)
•	Operating profit amounted to SEK 19 m (22). In the preceding year, SEK 20 m in
restructuring
costs was charged against operating profit.
•	The operating margin was 5.4 percent (5.4)
•	Profit after tax amounted to SEK 15 m (21)
•	Earnings per share after dilution amounted to SEK 0.25 (0.27)
•	Cash and cash equivalents amounted to SEK 119 m (207)

Statement by Carl-Magnus Månsson, CEO

The signs of stabilization seen during the latter part of 2009 were gradually
strengthened during the first quarter of 2010. It is primarily in Sweden that we
saw an improvement in the market situation, although competition for assignments
remained intense. Other parts of the Group continued to be affected by weak
demand and price pressure. Prerequisites vary greatly between offerings and
geographic areas. The trend for net sales and operating profit during the first
quarter of 2010 reflected the fact that utilization for our consultants
gradually increased for each month. 

Our work to change the business model to comprise a greater component of
project-based undertakings and an increased share of application management
assignments continued. Although only a relatively few large projects were
initiated in the current market climate, Acando won a number of projects during
the quarter in which we are responsible for increasing process efficiency and
rolling out the associated system support in both the Microsoft and SAP
environments.

To be able to continue providing cost-effective delivery models in both project
undertakings and maintenance phases, Acando signed a contract that gives us
access to established offshore capacity in India through an expanded partnership
with the Sopra Group. Acando already has a partnership with the Sopra Group
intended to serve European customers requiring a presence in all of Europe.

The year 2010 will offer many opportunities for Acando together with new and
existing customers. The focus will remain on continued growth within current
geographic areas. Recruitment work has been intensified, and we currently see a
need to recruit a net of slightly more than 100 employees to the Group during
the year.

For further information, please contact:

Carl-Magnus Månsson, President and CEO
+46 8 699 73 77
Lotta Jarleryd, CFO
+46 8 699 74 14


Acando is a consulting company that in partnership with its customers identifies
and implements sustainable business improvements through information technology.
Acando provides a balance between high customer value, short project times and
low total cost. Acando has annual sales of about SEK 1.4 billion with about
1,100 employees in six countries in Europe. The company is listed on the Nasdaq
OMX Nordic exchange. Its company culture is based on the core values of team
spirit, passion and results.