Cybercom Group 2011 Year-end financial report

Cybercom Group 2011 Year-end financial report

October – December

  · Sales of SEK 393.1 million (402.7)
  · EBITDA of SEK 42.8 million (36.9) and margin of 10.9% (9.2)
  · EBIT of SEK 33.2 million (24.4) and margin of 8.4% (6.1)
  · EPS of SEK 0.55 (0.67)
  · Efficiency improvement as a result of streamlining

 January – December

  · Sales totalled SEK 1,481.0 million (1,528.9)
  · EBITDA of SEK 65.4 million (112.2) and margin of 4.4% (7.3)
  · EBIT of SEK -125.4 million (61.5) and margin of -8.5% (4.0)
  · EPS of SEK -4.00 (1.21)
  · The Board proposes no dividend

Key events after period’s end

  · Niklas Flyborg appointed new president and CEO from 1 March

CEO comment

Fourth quarter sales amounted to SEK 393.1 million (402.7) with EBITDA of SEK
42.8 million (39.6) and margin of 10.9% (9.2). Step by step we can see
improvements as a result of the streamlining programme that we launched in the
second quarter. Actions taken after the summer to improve our efficiency are
also giving positive impact. These actions will gradually improve profitability.

I am pleased to report a profitability increase in the Swedish segment. A good
market and sharpened efficiency have positively contributed to this development.
The revenue growth was on a good level which leads to a significant use of sub
consultants still. Overall, there have not yet been any remarkable changes among
our customers in the Swedish market during the past quarter. We continue to
invest time and effort into the completion of business and operational
integration within the Swedish organisation.

We are seeing a cautious market in Finland, visible through prolonged sales
cycles.

In our International segment, we are investing in broadening our services
portfolio to include Security and Internet services since we see a good market
potential. I’m not satisfied with the fact that we still have not reached an
acceptable profit level in our Chinese operations, or been able to compensate
for the decreasing volume in our Africa projects. On the other hand, we can
report yet another good quarter for our Polish operations.

2011 was a challenging year for Cybercom. We saw a decrease in major customer
accounts, implemented a streamlining programme, disclosed essential write-downs
in goodwill and customer relations in Finland and made changes in the company’s
management. It was a year of change. We have achieved improvements. We ended the
year positively.

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

Now, I welcome our new CEO Niklas Flyborg who will further strengthen us at
Cybercom Group.

Stockholm, 8 February 2012

Petteri Puhakka
President and CEO (acting)

For more information please contact

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

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

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