Interim Report January – March 2014

January – March 2014

  · Sales amounted to SEK 309.1 million (319.2)
  · EBIT was SEK 15.8 million (15.7)
  · EBIT margin was 5.1% (4.9)
  · Net profit after tax for the period was SEK 11.4 million (11.1)
  · Earnings per share were SEK 0.06 (0.06)

Key events

  · 18% growth and improved profitability in Finland
  · Stronger position in public sector
  · Good results from Mobile World Congress, Barcelona
  · New client 4T Sweden regarding WyWallet service
  · New international client Cable & Wireless Communications
  · Outsourcing deal for development of infotainment with Volvo Group Trucks
Technology

Comments from the CEO
The first quarter of the year has developed in line with our expectations. We
are seeing a good underlying market, with Connectivity having an increasing
impact in more areas and in all sectors. The internet of things is no longer
just a concept but a reality to enable product innovation, efficiency gains,
sustainability gains, and to strengthen the competitiveness of our clients. Our
expertise is attractive.

General market trends in the Nordic countries were similar to those in the
previous quarter, with somewhat cautious but stable demand. We have a good base
business that is growing through both the extension and the expansion of ongoing
assignments. The current macroeconomic situation and concern around the world is
leading to a degree of caution in the propensity to invest, and to long decision
-making processes for our clients. The competition remains tough. These are
challenges that we consider ourselves equipped to meet.

In the whole group, sales in the first quarter amounted to SEK 309.1 million
(319.2). This is a decrease of 3%, compared with the rate of decrease of 11% we
experienced during full-year 2013. Our Finnish business has developed very well,
with sales increasing by 18%.

EBIT for the quarter was SEK 15.8 million (15.7), which is in line with last
year, but this year also includes a number of proactive investments made in
areas such as recruitment and marketing. For example, we participated in the
Mobile World Congress in Barcelona with our own stand. The operating margin
amounted to 5.1% (4.9). Net profit after tax for the period increased slightly,
to SEK 11.4 million (11.1).

We continue to deliver on our strategy, and step by step we are expanding in
selected client accounts, and we are balancing our client portfolio towards a
more even distribution between the public sector, industry and telecom. We are
developing our business in the right direction, and during the period we
strengthened our offering in advisory services and e-health. These are
activities in areas where we see good potential.

Our strong offering in Connectivity led during the quarter to new clients and
new assignments, including a Connectivity Management assignment with operator
Cable & Wireless Communications, development of a BI solution for the Swedish
International Development Cooperation Agency, software development of some core
elements of TomTom’s solutions and the development of a security service for
Karolinska Institutet.

The exciting development of both Cybercom and our clients in the connected world
continues.

We have further work to do to improve, and I see good prospects for this during
the year.

Stockholm, May 5, 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
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.