Interim Report January – March 2013

  · Sales amounted to SEK 319.2 million (374.8)
  · EBIT was SEK 15.7 million (18.5)
  · EBIT margin was 4.9% (4.9)
  · Net profit after tax for the period was SEK 11.1 million (9.1)
  · Earnings per share were SEK 0.06 (0.16)

Key events

  · Helsingin Energia and Cybercom signed an agreement for application
development. The contract is worth approximately EUR 1.2 million over two years.
  · Cybercom extended a major project with an important telecom client to
develop key elements of future radio base stations over six months, involving
nearly 50 consultants.
  · Cybercom and the Telecommunications Regulatory Authority (TRA) in the
Sultanate of Oman signed a contract for quality audit and evaluation of telecom
services in Oman.
  · Cybercom won a major contract with housing cooperative HSB for an internal
digital communications solution.
  · Cybercom received an expanded contract for application management and
hosting services for MTV Media Oy.
  · Telenor signed a framework agreement with Cybercom.
  · The Swedish Prosecution Authority signed a framework agreement with
Cybercom.
  · Cybercom conducted important usability testing for Finland’s Social
Insurance Institute.
  · Cybercom is developing the concept and design of the user interface and the
design of the new visual appearance of Itella’s new corporate services.
  · The 2013 AllBright Report ranked Cybercom of the sector’s number one for the
proportion of women in management.

Comments from the CEO

First-quarter performance was largely in line with our expectations. We have
attractive offerings in Connectivity, where we foresee a good market in the
coming years and where we have won most new business during the first quarter.
Some clients and projects I would like to mention are MCX in Poland, Copenhagen
City, MTV Media, Helsingin Energia in Finland, TRA in Oman, and ASSA ABLOY,
Doro, HSB, Karolinska Institutet, the Swedish Tax Agency, Telenor, the Swedish
Transport Administration, Volvo Cars and Volvo Trucks in Sweden.

Our strategic transformation is running according to plan and we continue to
fundamentally improve our business and bring about long-term sustainable change.

We experienced stable development with most of our major clients during the
quarter. ST-Ericsson’s announced corporate changes have had a relatively small
impact on our business as only as few assignments were ended.

We are seeing a good steady flow of inquiries and new business opportunities,
but decisions are lengthy and the competition is intense. Market conditions in
all our geographies are somewhat harder than in the previous quarter, and this
is especially notable in Stockholm and Helsinki.

Cybercom’s sales for the first quarter amounted to SEK 319.2 million (374.8).
EBIT was SEK 15.7 million (18.5), giving a margin of 4.9% (4.9). The cost
-cutting programme initiated during the fourth quarter of 2012 is now completed
in full and all the employees who were made redundant have left us. We have
reduced our cost base, primarily due to lower costs of administrative staff and
premises, and this is also reflected in our results. It is gratifying to note
that the net financial income has now been strengthened by the financial
restructuring we implemented, and we have increased net profit after tax for the
period to SEK 11.1 million (9.1).

We are seeing good improvement in profitability in the International segment,
which is positive. A slightly upward trend can also be seen in our Finnish
operations. If we look at our largest segment, Sweden, we have not achieved the
same level of profitability as last year's strong first quarter. This is largely
due to the fact that we have had negative calendar effects and a higher
proportion of sick leave this year.

I am also pleased to note that Cybercom was mentioned in the 2013 AllBright
Report, where we rank number one in the technology sector for the proportion of
women in management. This is an important issue and something we are actively
working with at Cybercom.

We see challenges in the uncertain economic climate that continues to hold sway
in 2013, but with the changes we have implemented in the company, Cybercom
stands better equipped for long-term development of our business and for
achieving our strategic and financial targets.

Stockholm, May 3, 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, Head of Communications & IR +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.