ACANDO INTERIM REPORT January 1 – March 31, 2012

  · Net sales SEK 408 m (398)
  · Operating profit SEK  34 m (34)
  ·
Operating margin 8.4% (8.4 %)
  · Profit after tax SEK 24 m (23)
  · Earnings
per share after dilution SEK 0.34 (0.30)
  · Cash and cash equivalents SEK 130
m (138)
Statement by Carl-Magnus Månsson, CEO

In general terms, the market continues
to be healthy and we have noted no immediate slowdown or any additional concerns
compared with the end of 2011. However, a certain degree of inertia continues to
characterize decision processes and more well-informed, close dialogs are
required to secure new projects. Our methodology based on the production of
short iterative solutions in close dialog with multiple stakeholders at our
customers has proved successful and we continue to secure projects encompassing
business development and IT components. Our management consulting activities
provide a unique competitive advantage in these customer dialogs.

Sweden
remains our most important market and continues to post a stable earnings
trend.  Our positioning initiative with our three areas, Management Consulting,
Enterprise Solutions and IT Consulting have provided Acando with greater clarity
vis-à-vis the market and generated opportunities for new customer dialogs,
which, in turn, delivered new business opportunities. All three areas deliver
satisfactory results. Our single greatest challenge is matching all the
interesting and challenging assignments with even more of the markets’ best
consultants. We continue to recruit and, in the spring, will hold a number of
young professional academies to attract many new employees. Specifically, we
currently have a substantial need in Strategic IT, Microsoft-based solutions and
in Management Consulting.

Demand remains stable in Germany, though at a lower
level than in the first half of 2011. We are continuing to widen the customer
base for the long-term improvement of margins and to increase the possibilities
of achieving a consistently high degree of utilization. During the quarter, we
have succeeded in securing a number of key new customer orders in the retail and
energy sectors.

In Norway, we have invested in a campaign to increase
recruitment and enhance our market position. The aim is to strengthen private
sector customers’ awareness of our strength in Microsoft-based solutions. In
addition, we intend to continue growing to meet healthy public sector demand in
our core areas of Strategic IT and System development.

Yet again, Finland and
the UK posted another excellent performance. It is gratifying to see that we are
continuing to develop the customer base with several new customers in the UK and
we have had great success with a major project in Finland where we implemented a
mobile solution for YIT.  Business system mobility is an area where we perceive
a growing need and we have an excellent opportunity to take a prominent
position, which we have secured through the acquisition of Bitec.

This is
information that Acando AB may be obligated to disclose according to the
Securities Market Act and/or the Financial Instruments Trading Act. This
information was submitted for publication on April 26, 2012.
For further information, please contact:
Carl-Magnus Månsson, President and
CEO, +46 8 699 73 77
Anneli Lindblom, CFO, +46 8 699 73 09
Acando
Acando is a consultancy company that in partnership with its clients
identifies and implements sustainable business improvements through information
enabled by technology. Acando provides a balance of high business value, short
project times and low total cost. Acando’s annual turnover is about EUR 170
million and the Group employs approximately 1,000 professionals in five European
countries. Acando is listed at NASDAQ OMX Nordic. Acando’s corporate culture is
based on three core values: Team spirit, Passion and Results. www.acando.com