Acando showed strong growth for 2008

Acando showed strong growth for 2008

Acando's Year-end Report is published today February 4th 2009, instead of
previously communicated February 13th.

Period 1 January - 31 December 2008 compared with the same period 2007

•	Net sales amounted to SEK 1 607m (1345), an increase of 19 percent.
•	Operating profit was SEK 152m (102), an increase of 49 percent.
•	Profit after tax was SEK 168m (109), an improvement of 54 percent.
•	Cash flow from operating activities was SEK 188m (97), an increase of 94
percent.
•	The shares in AS WMG in Estonia were sold during the period with a capital
gain of SEK 13m. (The capital gain is included in "Profit after tax" and in
“Earnings per share” but not in the operating profit).
•	Earnings per share after dilution amounted to SEK 2.15 (1.33), an increase of
62 percent.
•	The Board of Directors intends to propose to the Annual General Meeting of
Shareholders that a dividend of SEK 0.50 per share be declared, corresponding to
approx SEK 37.5m.
Fourth quarter 2008 compared with same period 2007:

•	Net sales amounted to SEK 434m (404), an increase of 7 percent.
•	Operating profit was SEK 47m (35), an increase of 34 percent.
•	Profit after tax was SEK 50m (33), an improvement of 52 percent. 
•	Earnings per share after dilution amounted to SEK 0.64 (0.43), an increase of
49 percent.

The positive development during 2008 continued the full year. The fourth quarter
was the strongest quarter in the Acando history and the full year 2008 showed
the best results ever for the Acando group. The demand was strong for all Acando
offerings, in all markets, and today the company has a favourable mix of
customer categories.

Acando has a continued good demand in most regions. However, the market in
western Sweden has changed dramatically during the last couple of months, why
the company steps up and adjusts both capacity and offering to the existing
demand.

“We need to continue to develop as a company in pace with our customers and
their demand, which entails that we are adjusting to meet a structural change in
the demand in western Sweden”, Acting CEO Bengt Lejdström explains. “Acando will
continue to strengthen the offerings, where we see a potential for growth”.

See attached pdf for the full report.

Further information is available from:
Bengt Lejdström, CFO and Acting CEO, Acando, +46 8 699 7314. 
Marianne Olsson, Communications Manager, Acando, +46 8 699 7450.

Acando
Acando is a consultancy company that in partnership with its clients identifies
and implements 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 exceeds EUR 150 million and the Group
employs more than 1,100 professionals in six 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