INTERIM REPORTJANUARY 1 -JUNE 30, 2011

INTERIM REPORTJANUARY 1 -JUNE 30, 2011

 

Second quarter - April 1 - June 3o, 2011

  · Net sales SEK 385 m (375)
  · Operating profit SEK 25 m (15)
  · Operating margin 6.5% (4.0%)
  · Profit after tax SEK 17 m (9)
  · Earnings per share after dilution SEK 0.22 (0.11)

January 1 - June 30, 2011

  · Net sales SEK 783 m (735)
  · Operating profit SEK 59 m (34)
  · Operating margin 7.5% (4.6%)
  · Profit after tax SEK 40 m (24)
  · Earnings per share after dilution SEK 0.53 (0.31)
  · Cash and cash equivalents SEK 106 m (47)

Statement by Carl-Magnus Månsson, CEO

Bolstered by strong overall demand in all geographic areas and fields of
expertise, the operating margin improved 2.5 percentage points
year-on-year. The Swedish operations remained the Group's source of
momentum and delivered well in terms of margins, both in Gothenburg and
in the Stockholm region, although there is room for further improvement.
Operating margins in Germany and Norway also improved compared with the
same period in 2010, but have yet to reach a satisfactory level given
the favorable market scenario.

In a strong market, the competition for highly skilled consultants also
increases. This has led to a higher personnel turnover than in 2010.
Increased personnel turnover caused a lower utilization ratio due to
more time spent phasing consultants in and out of projects, which in
turn had an adverse impact on earnings. The healthy demand scenario has
resulted in Acando continuing to recruit employees to all areas of
expertise.

For further information, please contact:
Carl-Magnus Månsson, President and CEO
+46 8 699 73 77

Lotta Jarleryd, CFO
+46 8 699 74 14