Acando

INTERIM REPORT FOR THE PERIOD JANUARY 1 – SEPTEMBER 30, 2005

Pressmeddelande   •   Okt 31, 2005 10:40 CET

Positive development in Stockholm market

The first nine months of 2005 compared with the first nine months of 2004

• Net sales rose to SEK 446 million (441).
• Operating profit rose to SEK 24 million (18), an increase of 30%.
• Profit after tax amounted to SEK 24 million (8), an increase of 200%.
• Earnings per share for the period amounted to SEK 0.41 (0.13).
• Cash flow from operating activities amounted to SEK 7 million.
• Acquisition of shares in WMG AS, a partnership for growth in Eastern Europe.

Third quarter 2005 compared with third quarter 2004

• Quarterly net sales amounted to SEK 121 million (115)
• Operating profit was SEK 3 million (3).
• Major agreements signed with Gambro, the City of Stockholm and Volvo. New strategic partnership agreement with AstraZeneca.

“Seasonal variations in 2005 are following the pattern from 2004, which means a low level of revenue in July and August, which then significantly increases during the period September – December. We are pleased that the Stockholm market has now stabilized and is seeing good demand,” says Lars Wollung, President and CEO of AcandoFrontec.

For more information, please contact
Lars Wollung, President and CEO
telephone +46 730-21 14 26

Bertil Carlsén, Executive Vice President & CFO
telephone +46 730-21 10 92

Jan Rehn, Director of Communications and Investor Relations
telephone +46 31 345 32 43

Financial information is also available on our website www.acandofrontec.com

AcandoFrontec is a consulting company that works together with customers to identify and implement performance improvements with the help of information technology. Measurable improvements are achieved by enhancing processes, organizations and IT solutions. Our consultants are technology experts, but our passion is to improve our customers’ businesses. We are recognized for a focus on the bottom line and responsibility for ensuring that customers quickly receive the outcomes they expect. Customers should see AcandoFrontec as a local partner who can handle projects both simple and complex.
The company has just over 500 employees at five offices in Sweden.
AcandoFrontec is listed on Stockholmsbörsen’s O-list under the ticker symbol AFAB.