Year-end financial report 2013

October – December 2013

  · Sales amounted to SEK 313.4 million (353.7)
  · EBIT was SEK 22.2 million (-10.4)
  · EBIT margin was 7.1% (-2.9)
  · Net profit after tax for the period was SEK 16.3 million (-36.7)
  · Earnings per share were SEK 0.09 (-0.24)

January – December 2013

  · Sales amounted to SEK 1,195.1 million (1,339.2)
  · EBIT was SEK 60.2 million (-11.4)
  · EBIT margin was 5.0% (-0.9)
  · Net profit after tax for the period was SEK 41.5 million (-53.1)
  · Earnings per share were SEK 0.23 (-0.67)

Key events during the year

  · Stronger profitability in a cautious market
  · Strong growth in Nordic public sector
  · Decline in sales due to lower exposure in telecom
  · Positive net recruitment in fourth quarter
  · Board proposes no dividend

Comments from the CEO

In 2013, we turned to profitability in all parts of our business, built a stable
financial platform, and, in the last quarter, also turned to positive net
recruitment. The programme of change that we are implementing is yielding
results.

With our attractive position in Connectivity we are faced with a growing market,
with increasing interest shown by both existing and new clients. In the fourth
quarter, for example, Copenhagen Airports signed a framework agreement with
Cybercom, Smart Axiata, which is Cambodia’s second-largest provider of mobile
services, engaged us for network optimisation, Stockholm County Council chose
Cybercom’s compliance portal for security governance, Husqvarna Group chose
Cybercom for innovative product development, and Finish Kauppalehti chose
Cybercom’s new Cloud solution.

Market trends in the Nordic countries during the fourth quarter were similar to
those in the third quarter, with a quiet but nevertheless stable business
period. 2013 was a year of mixed market signals. There has been growing interest
in Connectivity, while many business dialogues have been characterised by
cautious investment interest, long decision-making processes and an increasingly
competitive environment.

We have deliberately shifted our position to achieve a better balance in our
client portfolio. We have gradually strengthened our position in the public
sector, and in the fourth quarter sales in this area amounted to 31% (23).

Cybercom’s sales in the fourth quarter amounted to SEK 313.4 million (353.7).
The decrease of 11% was partly due to the restructuring carried out at the end
of 2012, as well as the impact of a cautious market environment. Our focus has
been on profitability, and we have significantly enhanced our EBIT compared to
the same period in the previous year, to SEK 22.2 million (-10.4), and the
operating margin thus improved to 7.1% (-2.9). Net profit after tax for the
period increased to SEK 16.3 million (-36.7).

For full-year 2013, EBIT improved to SEK 60.2 million (-11.4), resulting in an
operating margin of 5.0% (-0.9). Even adjusted for non-recurring costs incurred
during 2012, we have therefore doubled our profitability, which demonstrates
that our changes are developing the company in a positive direction.

The three Swedish regions now account for over 70% of our sales. The large
Stockholm market has been challenging, but we have nevertheless improved our
profitability in the region and are now seeing a more positive market. The
market in southern Sweden has remained mixed, while our Mid region has performed
very well in a market that has again picked up.

A strong improvement has taken place in our Finnish operations, which despite a
difficult market managed to increase sales and turn losses into profits. The
Finnish business is growing in the public sector and industry. We have also
begun to grow again in Poland, we have improved our results in Denmark, and
internationally we now have a stronger Connectivity Management business. We
still have some way to go on our journey of change. We are now seeing a
brightening of the market situation, which will open up the potential for more
opportunities and a higher tempo.

Our strategy and our targets remain the same. We are now gathering our strength
to grow our business, while continuing our work with ongoing efficiency
improvements to benefit existing and new clients that wish to gain from the
opportunities of the connected world.

Stockholm, February 13, 2014

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 Director and IR Manager +46 70 864 47 02
About Cybercom
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.