Interim report January - March 2011

Interim report January - March 2011

January - March

  · Sales reached SEK 382.1 million (410.1)
  ·  Impairment loss of SEK 16 million for customer relationship
  · EBITDA totalled SEK 29.8 million (21.6)
  · EBITDA margin of 7.8% (5.3)
  · EBIT totalled SEK 2.9 million (8.7)
  · EBIT margin of 0.8% (2.1)
  · EPS of SEK -0.02 (0.11)

Improved profit on an improved market

First quarter sales amounted to SEK 382.1 million (410.1) with an
improved operating EBITDA of SEK 29.8 million (21.6), giving a margin of
7.8% (5.3). We have strengthened our equity/assets ratio to 61.9% (54.6)
and secured our financial position by renegotiate our loan agreement. We
face an increasingly favourable market and are having interesting
business discussions for major undertakings with many new customers. The
business climate looks better in all our operations in Sweden, where in
March we reached the same levels as before the recession.  

The new organisation in Sweden, which has been operational since the
beginning of the year, is delivering according to plan. We have
integrated administrative systems, and the nationwide business areas
have high ambitions. We are strengthening our position in the public
sector as well as in media, energy and industry segments in the Finnish
market. Our goal is to improve profitability and we will continue to
optimise our structure and reduce our cost base.  

We have strong core offerings that cover the entire ecosystem
surrounding communication services and our ability to act as a catalyst
from telecom to other industries. Together with our global delivery
model, this is our primary competitive advantage. In some key areas,
such as in the security field, we can grow advantageously. We should
also be far bigger in certain geographic markets. In Sweden, our focus
is on recruitment.

I am very pleased that the company can pay dividends for 2010, and I
consider Cybercom's circumstances for 2011 to be good. We have
consolidated our operations to create a more uniform focus and to
clarify our offering. The Nordic market, where Cybercom has most of its
operations, is good. We have the financial flexibility to simultaneously
manage the challenges we face in Finland and our desire to grow. With a
continued focus on profitability, we are building an international
Cybercom for  long-term business.

Stockholm, 28 April 2011

Patrik Boman
President and CEO

For more information, please contact:
Patrik Boman, president and CEO +46 73 983 89 79
Odd Bolin, CFO +46 70 428 31 73
Kristina Cato, IR and communications director +46 70 864 47 02