Interim report January-June 2009

Interim report January-June 2009

• Sales reached SEK 455.0 million (463.8)

• EBITDA margin of 9.5% (11.1%) 

• EPS of SEK 0.61 (0.91)


January - June

• Sales rose by 3% to SEK 932.6 million (908.2)

• EBITDA margin of 6.5% (11.2%) 

• EPS loss for entire operation of SEK 8.88 (EPS of 1.96), including goodwill
impairment loss

• Financial measures during the year
- Goodwill impairment loss of SEK 280 million
- Restructuring costs of SEK 28 million
- New share issue of SEK 100 million complete



A strong second quarter in a difficult market
Cybercom's development in Q2 was strong in the prevailing market conditions, and
cash flow from operating activities was stable. The company's EBITDA margin was
9.5% for the second quarter. The measures that Cybercom initiated in February
are starting to produce positive results. In general, we also perceived greater
demand for our services in the second quarter and our order flow increased. Ever
more customers, both new and existing ones, find our global sourcing business
model attractive. For example, the new deals gained through our US presence will
use global sourcing from China, Romania, and the Nordics. We have noticed the
upward trend, but are very mindful of the current economic situation and how it
will develop in the next six months, so we are maintaining our strong focus on
Cybercom's cost effectiveness.

Cybercom's proven strategy is to form long-term partnerships with our customers
to add optimal value to their business. Our presence in the US - initiated to
meet a customer's need - is one such example. Cybercom follows its customers
around the world to be close to their own strategic branches that they regard as
significant for future growth. The US, China, and India are such countries. 

During the quarter, Cybercom implemented a new share issue, which was
oversubscribed. The financial strength gained through a share issue creates more
scope for Cybercom to utilise the business opportunities that arise in the
prevailing market. We reinforce our prerequisites for continuing to expand the
company in a global market. Part of the issue proceeds will be used to adapt the
company's capital structure, thus boosting Cybercom's long-term financial
position. 

The prevailing market still holds many major challenges, but also increasing
numbers of opportunities. Cybercom is an international company with a robust
base in the Nordics. The decline in the global economy affects the Nordic IT
services market and thereby our operations, while Cybercom's international
operations strengthen the company. Globalisation plays an important part and we
will continue to develop the company in line with our strategy. We are building
an international Cybercom, with a geographic structure designed for long-term
business.


Stockholm, 17 July 2009

Patrik Boman
President and CEO


For more information, please contact:

Patrik Boman, president and CEO + 46 73 983 89 79
Odd Bolin, CFO + 46 70 428 31 73
Kristina Cato, IR and communications director + 46 70 864 47 02

About Cybercom 
The Cybercom Group is a high-tech consultancy that offers global sourcing for
end-to-end solutions. The Group established itself as a world-class supplier in
these segments: telecom management, security, portal solutions, mobile services,
and embedded systems. Thanks to its extensive industry and operations
experience, Cybercom can offer strategic and technological expertise to these
markets: telecom, industry, media, public sector, retail, and banking and
financial services. The Group employs 2000 persons and runs projects worldwide.
Cybercom has 25 offices in 11 countries. Since 1999, Cybercom's share has been
quoted on the OMX Nordic Exchange. The company was launched in 1995. Find out
more at: www.cybercom.com.