Year-end financial report 2012

October – December

  · Sales were SEK 353.7 million (393.1).
  · EBITDA was SEK -3.2 million (42.8) and
the EBITDA margin was -0.9% (10.9).
  · EBIT was SEK -10.4 million (33.2) and the EBIT margin was -2.9% (8.4).
  · EBITDA from operating activities was SEK 25.2 million (42.8)
and the EBITDA margin was 7.1% (10.9).
  · EBIT from operating activities was SEK 18.0 million (33.2)
and the EBIT margin was 5.1% (8.4).
  · Earnings per share were SEK -0.24 (0.36).

January – December

  · Sales were SEK 1,339.2 million (1,481.0).
  · EBITDA was SEK 30.2 million (65.4) and the EBITDA margin was 2.3% (4.4)
  · EBIT was SEK -11.4 million (-125.4) and the EBIT margin was -0.9% (-8.5).
  · EBITDA from operating activities was SEK 63.6 million (93.4) and
the EBITDA margin was 4.7% (6.3).
  · EBIT from operating activities was SEK 33.8 million (53.6) and the EBIT
margin was 2.5% (3.6).
  · Earnings per share were SEK -0.67 (-2.58).
  · The board proposes no dividend.

Comments from the CEO

As we leave 2012 behind us, I note that it has been a year of unsatisfactory
economic development, but with a high rate of change internally to create a more
efficient Cybercom with higher profitability. During the year we have expanded
our business in the areas and with the clients we regard as strategically
important in the future, and we have left those markets and offerings within
which we have not met with success. The changes have been costly, but necessary,
and we are addressing our clients with strong offerings in Connectivity, where
we see a good market.

With ever more connected devices, mobile phones, machines and people, demand for
secure technical solutions continues to increase. The digital journey is still
in its infancy. It is predicted that by 2020 the number of mobile devices will
have risen to 50 billion. People's behaviour is changing rapidly, transactions
are going digital and expectations of what technology can achieve are expanding
all the time. Cybercom plays a key role in this; it is our home ground – the
increased interaction between people and organisations, services and systems in
the new demands for cooperation, exchange and mobility.

We won new contracts during the fourth quarter, including with the Swedish
Social Insurance Agency (Försäkringskassan), HSB, Inera, the City of Copenhagen,
Lantmännen, LG Electronics, Mobill, Outotec, Sectra, the Swedish Transport
Administration (Trafikverket), the Swedish Transport Agency (Transportstyrelsen)
and Volvo Car Corporation. Our success with these leading companies and
organisations demonstrates the potential in the expertise and experience of
Cybercom's consultants.

Cybercom's sales for the fourth quarter amounted to SEK 353.7 million (393.1).
Earnings were charged with SEK 28.4 million in non-recurring costs. Excluding
these costs EBIT amounted to SEK 18 million, giving a margin of 5.1%. This is
half way to our long-term profitability objective of 10%. It is towards this
goal that we are steering, and once we achieve a stable profitability trend, we
will also be able to turn our attention to increased growth. During the fourth
quarter of 2012 we initiated a cost-cutting programme within the group to
increase our efficiency and to manage the low utilisation rate the company has
long had in certain areas of business. The programme has now been completed and
is expected to generate annual savings of SEK 45 million by 2013.

Our actions began to have some effect in the Swedish operations during the final
months of the year. We strengthened our position in the public sector and
industry, and our sub-consultant business continued to grow. We secured many of
our assignments with our major clients through extended contracts that run
throughout 2013. Our operations in Gothenburg and Linköping have experienced
continued high demand and good profitability growth. But we still have
challenges to overcome, including in Finland.

From 2012 we have been developing Cybercom with a clear focus on our main market
in the Nordic region, on profitability over growth, and on an offering in
Connectivity. In line with this, we have reduced our cost structure and
discontinued operations that were unprofitable or too far from our core
competencies. Cybercom's expertise and business is within Connected Engineering,
Connectivity Management, Digital Solutions and Secure Connectivity. In these
areas, most clients have opted to sign new framework agreements with us in 2012,
to address a connected world with effective and commercial solutions. There is a
growing market here.

In the short term we have to deal with the economic weakness that continues to
reign, even in 2013. With the changes that we have implemented in the company,
the capital injection provided by the rights issue, and a more stable financing
solution, Cybercom is better equipped. We have a good opportunity to focus on
developing our business and through this to achieve our strategic and financial
objectives.

Stockholm, February 13, 2013

Niklas Flyborg, President and CEO
For additional information, please contact:

Niklas Flyborg, President and CEO +46 70 594 96 78
Camilla Öberg, CFO +46 73 398 50 01
Kristina Cato, Communications and IR Manager +46 70 864 47 02
Cybercom is an IT consulting company that assists leading companies and
organisations to benefit from the opportunities of the connected world. The
company’s areas of expertise span the entire ecosystem of communications
services. Cybercom’s domestic market is the Nordic region, and in addition the
company offers global delivery capacity for local and international business.
Cybercom was founded in 1995 and has been quoted on the NASDAQ OMX Stockholm
exchange since 1999.