Challenging half year but full-year outlook remains in place

Challenging half year but full-year outlook remains in place

 

April-June 2011 (second quarter)

  · License revenue amounted to SKr 93 million (Q2 '10: SKr 103
million), a decrease by 2 percent currency adjusted.
  · Maintenance revenue was SKr 199 million (Q2 '10: SKr 205 million),
an improvement of 5 percent currency adjusted.
  · Consulting revenue amounted to SKr 333 million (Q2 '10: SKr 343
million), an improvement of 4 percent currency adjusted.
  · Net revenue was SKr 628 million (Q2 '10: SKr 655 million), an
improvement of 3 percent currency adjusted.
  · EBIT amounted to SKr 52 million (Q2 '10: SKr 64 million). Cash flow
after investments was SKr 0 million (Q2 '10: SKr 92 million).
  · Earnings per share after full dilution amounted to SKr 1.26 (Q2 '10:
SKr 1.35).

January-June 2011 (six months)

  · License revenue amounted to SKr 167 million (YTD '10: SKr 168
million), an improvement of 8 percent currency adjusted.
  · Maintenance revenue was SKr 395 million (YTD '10: SKr 404 million),
an improvement of 5 percent currency adjusted.
  · Consulting revenue amounted to SKr 668 million (YTD '10: SKr 665
million), an improvement of 8 percent currency adjusted.
  · Net revenue was SKr 1,235 million (YTD '10: SKr 1,244 million), an
improvement of 7 percent currency adjusted.
  · EBIT amounted to SKr 62 million (YTD '10: SKr 72 million). Cash flow
after investments was SKr 43 million (YTD '10: SKr 166 million).
  · Earnings per share after full dilution amounted to SKr 1.41 (YTD
'10: SKr 1.46).

Outlook
For the full year, the outlook remains unchanged. IFS expects good
organic growth in 2011, with stronger license sales and an improvement
in EBIT.

Contact Information
Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com (frederic.guigues@ifsworld.com)