IBS AB

IBS Interim Report January - June 2009

Pressmeddelande   •   Jul 21, 2009 15:18 CEST

IBS reports strong license revenue growth, and positive net earnings in the
second quarter.

· Second quarter new license revenue grew by 64% to SEK 72 m (44). For the first
half year the new license revenue was SEK 97 m (67).
· Second quarter total license revenue grew by 33% to SEK 146 m (110). For the
first half year total license revenue was SEK 236 m (194).
· Total second quarter revenue down 7% to SEK 480 m (516), driven by
professional services revenue down by 13% to SEK 251 m (287) and hardware and
other revenue down 30% to SEK 83 m (119). Total revenue for the first half year
was down 7% to SEK 931 m (1 000), professional services revenue down by 11% to
SEK 524 m (586) and hardware and other revenue down by 22% to SEK 171 m (220).
· Second quarter EBITDA* up to SEK 47 m (9). EBITDA* for first half year was SEK
59 m (-14).
· Second quarter net earnings SEK 6 m ( 25). First half year net earnings SEK
-84 m (-71).
· Improvements in profitability despite decrease in total revenues due to
reductions in costs and headcount resulting from restructuring program.
· Cash flow from operating activities amounted to SEK -9 m (-10) for the second
quarter. Excluding restructuring effect of SEK 53 m (0), operating cash flows
were SEK 44 m ( 10). Cash flow from operating activates for the first six months
amounted to SEK -76 m (-46).
· Major contracts signed during the second quarter in the US and Europe
contributing new license revenue of SEK 10 m and SEK 16 m respectively.
· The last day of trading in the IBS B share on NASDAQ OMX Nordic was May 8 and
the first day of trading on the NASDAQ OMX First North was May 11.

SVP Corporate Communications
Oskar Ahlberg
Tel: +46 (0)70 244 24 75
oskar.ahlberg@ibs.net