Enea Interim Report January - March 2010

Enea Improves Earnings

Over the first quarter of 2010, Enea has improved its results compared with the
corresponding period in the previous year, when Enea made a loss. The operating
margin for the Group amounted to 6.3 percent, and profit before tax amounted to
SEK 11.9 million.

Net sales have fallen by 10 percent as a result of a reduction in delivery
capacity within the Consulting business unit. The Software business unit has
demonstrated positive development over the quarter, with greatly improved
profitability. The outlook for the whole year 2010 remains unchanged. The
company is expected to demonstrate stable income development and a considerably
improved operating profit compared with 2009.

First quarter

  * Net sales SEK 186.3 (207.3) million. The comparative figures for the
    previous year are affected by a change in the accounting principles for
    royalties, which had a negative effect of SEK 7 million over the first
    quarter.
  * Revenues for the Software business unit SEK 86.8 (80.5) million.
  * Revenues for the Consulting business unit SEK 112.8 (145.3) million.
  * Operating profit SEK 11.8 (-36.7) million. The comparative figures for the
    previous year include a non-recurring writedown of SEK 24.5 million.
  * Net profit after tax SEK 8.7 (-25.2) million.
  * Cash flow from operations SEK 4.1 (21.5) million.
  * Earnings per share SEK 0.50 (-1.40).


Per Åkerberg, President and CEO comments:

"2010 began with Enea seeing a considerable improvement in earning capacity
which is also reflected in our figures. Over the previous year we adapted our
operations in a number of ways, which has resulted in fewer consultants, fewer
product developers and a lower cost base. Despite this, we have succeeded in
keeping revenues for our Software business unit at a stable level, and we can
see that demand on consultancy services is gradually returning. Our adaptations
are reflected directly in the operating profit, where we have turned a loss in
the first quarter last year to a profit of SEK 11.8 million for the first
quarter this year.

The biggest deal of the first quarter came from Japan. The customer will be
using Enea's multicore version of the Enea OSE operating system, along with
related products and services, in order to develop parts of the distribution
network for HDTV. This is a good example of a deal in which we can use our
knowledge of telecom to create new business opportunities.

Over the last few quarters, Enea has created a strong financial position which
will now benefit its shareholders in that the Annual General Meeting decided to
issue a dividend of SEK 1.50 per share.

Software

The Software business unit developed positively over the quarter.  Its
profitability continued at a good level, and the operating margin amounted to
11.0 percent. This is in line with the long-term margin target of 20 percent for
the business unit, given the seasonal variations in the business area, with a
first quarter which is normally weaker than other quarters.  Both the new sale
of licenses and royalties demonstrated stable development over the quarter,
which is pleasing given the declines in royalties that we have seen previously.

As far as products are concerned, we have launched a number of new multicore
products where we offer extended support for various processors. One of the new
products with major long-term potential is Enea Hypervisor, which enables
customers to combine several operating systems on the same processor. Multicore
is the major technology shift in real-time operating systems and is expected to
be an important growth area in years to come. Enea is well positioned to play an
active part in this development and take new market shares.



Consulting

Revenues for the Consulting business unit fell over the first quarter, which was
expected given the reduction in delivery capacity which took place in the
previous year. The operating margin was 2.1 percent compared with the long-term
target of 10 percent. Demand seems to be gradually on the increase again, and
Enea has a good combination of expertise in the areas in demand. However, the
Öresund region in Sweden is an exception as recovery is slower than in other
regions.

On a final note

In the long term, Enea has good opportunities to continue its positive
development and create long-term value for shareholders through both organic
growth and acquisitions. Multicore market potential continues to look promising,
and we have launched a lot of important new products in the first quarter. For
2010, our ambition is to strengthen our market position even further."



The full interim report is available on Enea's website www.enea.com
<http://www.enea.com/>

For more information contact:

Per Åkerberg, President and CEO
e-mail: per.akerberg@enea.com <mailto:per.akerberg@enea.com>

Lars Kevsjö, CFO
e-mail: lars.kevsjo@enea.com <mailto:lars.kevsjo@enea.com>

Catharina Paulcén, VP Corporate Communications
E-mail: catharina.paulcen@enea.com <mailto:catharina.paulcen@enea.com>

Phone: +46 8 507 140 00

About Enea
Enea is a global software and services company focused on solutions for
communication-driven products. With 40 years of experience Enea is a world
leader in the development of software platforms with extreme demands on
high-availability and performance. Enea's expertise in real-time operating
systems and high availability middleware shortens development cycles, brings
down product costs and increases system reliability. Enea's vertical solutions
cover telecom handsets and infrastructure, medtech, automotive and mil/aero.
Enea has offices in Europe, North America and Asia. Enea is listed on Nasdaq OMX
Nordic Exchange Stockholm AB. For more information please visit enea.com or
contact us at info@enea.com.

Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks
of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element,
Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX,
Enea® Accelerator, Polyhedra® Flashlite, Enea® dSPEED Platform, Enea® System
Manager, Accelerating Network Convergence(TM), Device Software Optimized(TM) and
Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its
susidiaries. Any other company, product or service names mentioned above are the
registered or unregistered trademarks of their respective owner. © Enea AB 201


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