Interim report July - September 2011

Interim report July - September 2011

 

July - September 2011

  · Sales of SEK 321.8 million (328.8)
  · EBITDA of SEK 15.4 million (35.0) and margin of 4.8% (10.6)
  · EBIT totalled SEK 5.6 million (22.2) and margin of 1.7% (6.8)
  · EPS of SEK -0.04 (0.56)
  · New management
  · New financial objectives
  · Outlook updated

January - September

  · Sales totalled SEK 1,087.9 million (1,126.2)
  · EBITDA of SEK 22.6 million (75.3) and margin of 2.1% (6.7)
  · EBIT of SEK -158.6 million (37.1) and margin of -14.6% (3.3)
  · EPS of SEK -4.55 (0.54)

CEO comment

Two months have passed since the Board appointed me acting President and
CEO of Cybercom Group. I am very committed to leading Cybercom forward.
There are some observations that I have made during these first weeks
that I would like to highlight.

The organisational changes made in Sweden, merging three companies to
one have not yet resulted in the positive effects we anticipated. We
have completed the technical integration, including administration and
support systems, but the business and operational integration is still
to be completed in order to give the synergies that we want to achieve.
Improving our performance in Sweden is one of our top priorities going
forward.

Also, I see that Cybercom's organisational set-up, with a geographical
spread for global sourcing, is a potential that we have and can leverage
on more. Therefore we will focus our sales even more towards turnkey
solutions. We will build on our strong presence in the Nordic markets,
and optimise the Group structure with international delivery capacity
that over time shall focus on fewer and larger international units.

We will adapt to the current market situation by improving our sales,
customer focus and business acumen, and thus increase our profitability.

Cybercom is strongly focused on being a Nordic IT company with global
reach, delivering turnkey projects. To meet our strategy and the revised
financial long term objectives we will re-evaluate our business plan in
order to gradually meet these objectives.

Regardless of our challenges, Cybercom has an impressive asset in its
people and the expertise in the Group. My role is to develop Cybercom's
potential further and deliver higher profits. I am confident that we can
get back on the right track.

Stockholm, October 27 2011

Petteri Puhakka (acting)
President and CEO

For more information please contact

Petteri Puhakka, President and CEO (acting)
 + 358 400 414 623

Per Sundqvist, CFO (acting)
 + 46 72 531 98 08

Kristina Cato, IR and communications director
+ 46 70 864 47 02