Interim Report, January – March 2013

Improved profitability despite weak income development
Enea’s net sales in the first quarter were lower than in the first quarter last
year. However, its operating margin and profit per share continued to improve.

Net sales for the first quarter amounted to SEK 99.3 (117.3) million, which is
equivalent to a decline of 15.3 percent.

The operating profit for the first quarter fell to SEK 14.0 (15.6) million. The
operating margin, however, increased to 14.1 (13.3) percent.

Earnings per share increased to SEK 0.70 (0.65) for the first quarter.

Cash flow from operations amounted to 6.5 (6.1) million for the first quarter.

The Annual General Meeting elected to transfer an amount equivalent to SEK 3.00
(8.00) per share to the shareholders via a redemption program, equivalent to a
total transfer of SEK 49.4 million.

January to March 2013

(first quarter previous year in brackets)

  · Net sales, SEK 99.3 (117.3) million
  · Growth, -15.3 (3.3)%
  · Growth, currency adjusted, -13.4 (1.8)%
  · Operating profit, SEK 14.0 (15.6) million
  · Operating margin, 14.1 (13.3)%
  · Net profit before tax, SEK 15.3 (16.2) million
  · Net profit after tax, SEK 11.6 (11.1) million
  · Earnings per share, SEK 0.70 (0.65)
  · Cash flow from operations, SEK 6.5 (6.1) million
  · Cash and cash equivalents, SEK 143.3 (236.5) million

Anders Lidbeck, President and CEO comments:

“As expected, demand was weak during the first quarter. The strong Swedish krona
has also had a damping effect on earnings in Swedish kronor. Despite the fact
that income in Swedish kronor fell by 15.3 percent over the quarter, we have
improved our operating margin to 14.1 percent and also increased our profit per
share to SEK 0.70. as planned, the structural measures we implemented in late
2012 have made an impact during the first quarter. We have good cost control and
internal focus on creating profitability within all parts of our organization.
During the first quarter, we have taken another small step towards our long-term
profitability target of 20 percent.

Our long-term aim is to create revenue growth and growing profitability.
However, income development was weak during the first quarter of the year. We
are seeing weak will to invest at many major telecom companies. Despite the
strong growth of data traffic worldwide, many operators are facing the challenge
of combining network expansion costs with fixed, unchanged prices to consumers.
This is leading to massive price competition among suppliers of infrastructure
equipment. A weaker investment trend has also been noticeable in other market
segments during the first quarter, which has continued to affect our service
income. However, it is our opinion that the underlying growth in data traffic
will also impact our market in the longer term. Therefore, we will continue to
focus on our agreed investment areas. This is particularly true for our global
service business, with our bridged services concept, as well as our Linux
offering. We are investing in both research and development and sales and
marketing in this regard. We are also recruiting new staff in these fields. If
our initiatives in these fields and other product fields are successful, this
will be apparent when demand returns, not only from the earnings but also
directly impact profits.

Market Trends

Open source has been the software trend for a long time. But nowadays, combining
open source, services and proprietary software (and hardware) is every bit as
important in order to achieve real results and long-term competitive advantages.
Apple is one company which has succeeded with this and is often used as a model.
Linux, combined with real-time operating systems, is the widespread standard
when designing telecom equipment for infrastructure, and has become a pre
-requisite in order to retain a leading position among major companies on a
global basis. We launched our first commercial Linux distribution last year.
This is fully focused on real-time and utilizes our extensive experience in the
field. We view Linux as an important growth area for the future. We have a good
dialogue with our customers, and we perform well when customers are evaluating
potential suppliers. Linux also works well within our global services
organization. Many of the services solutions we are discussing at present
include Linux components.

However, it will take some time for our Linux sales to reach a level which will
make it one of our bigger products in net sales terms. We will need to continue
our investments in order to succeed. During the first quarter, we became members
of Linaro, a global partnership organization working with Linux for ARM
architecture. As part of Linaro, we work in partnership with both competitors
and customers and help influencing important decisions and specializations in
the field. We will have two full-time Linux engineers within this organization.

Our long-term ambition during a period of five years, commencing in 2012, is to
create a global software company with considerably higher revenues, high
profitability, good cash flows, and a large proportion of recurring revenues.
The hesitant willingness to invest among operators means that manufacturers in
the field of telecom are very price-sensitive. Therefore, we will continue to
invest outside the telecom segment as well as gradually moving resources to new
areas, all with the objective of improving our competitiveness, market position,
and margins.

Outlook

We are experiencing a weak demand, and at present there is little indication of
when the situation will improve. However, we are committed to our earnings
forecast for 2013, even if demand will remain low during the year. Our
assessment is that we will improve both our operating margin and our profit per
share over the full year.”

Press and analyst meeting

Press and financial analysts are invited to a press and analyst meeting where
Anders Lidbeck, President and CEO, will present and comment on the report.

Time: Thursday April 25 at 10:30 am CET.

Link: Financial Hearings (http://financialhearings.nu/130425/enea/)

Phone number: 08-50 59 82 61 or +44 20 33 64 53 73.

The full report is published at www.enea.com/investors

This information is such that Enea AB (publ) is to publish in accordance with
the Swedish Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication on April 25, 2013 at 7.30 CET.
For more information, contact

Anders Lidbeck, President & CEO
E-mail: anders.lidbeck@enea.com

Catharina Paulcén, SVP Marketing & Communications
Phone: +46 8 507 14 133
E-mail: catharina.paulcen@enea.com
About Enea
Enea is a global vendor of Linux and Real-time operating system solutions
including middleware, tools, protocols and services. The company is a world
leader in developing software platforms for communication-driven products in
multiple verticals, with extreme demands on high-availability and performance.
Enea’s expertise in operating systems and high availability middleware shortens
development cycles, brings down product costs and increases system reliability.
The company’s vertical solutions cover telecom handsets and infrastructure,
medtech, automotive and mil/aero. Enea has offices in Europe, North America and
Asia, and is listed on NASDAQ OMX Nordic Exchange Stockholm AB. For more
information please visit enea.com or contact us at info@enea.com.

Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks
of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element,
Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX,
Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager
and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its
subsidiaries. Any other company, product or service names mentioned above are
the registered or unregistered trademarks of their respective owner. © Enea AB
2013.