Annual Statement 2012

Increase in net sales and significantly improved profitability

Enea showed good profitability during the fourth quarter, resulting in a full
year result with growth in net sales and significantly improved profitability
compared with the previous year.
Net sales for the fourth quarter amounted to SEK 122.5 (124.7) million, which is
equivalent to a decline of 1.8 percent. For the full year, net sales increased
to SEK 467.8 (446.7) million, corresponding to a growth of 4.7 (0.0) percent.

Other income amounting to SEK 61.7 million, which was reported during the first
quarter, relates to capital gains from the divestment of the Nordic consultancy
business.

The operating profit for the fourth quarter amounted to SEK 20.4 (18.2) million,
which is equivalent to an operating margin of 16.7 (14.6) percent. For the full
year, operating profit increased to SEK 72.5 (2.2) million, corresponding to an
operating margin of 15.5 (0.5) percent, excluding capital gains. Expenses for
the full year include restructuring costs of SEK 8.9 million. The comparative
figures for last year include a writedown of goodwill and capitalized
development expenses totaling SEK 37.5 million.

Profit per share increased to SEK 0.88 (0.86) for the fourth quarter and SEK
3.18 (-0.06) for the full year, excluding capital gains.

Cash flow from operations amounted to SEK 20.1 (29.7) million for the fourth
quarter and SEK 80.1 (69.6) million for the full year. Cash and cash equivalents
amounted to SEK 146.7 (127.3) million at the end of the year.

The Board of Directors proposes that the Annual General Meeting should elect to
transfer to shareholders an amount equivalent to SEK 3.00 (8.00) per share via a
redemption program, corresponding to a total transfer of SEK 49.7 million.

The company has been run as a software company since the beginning of 2012,
following the divestment of the Nordic consultancy business at the end of 2011.

October to December 2012

(fourth quarter previous year in brackets)

  · Net sales, SEK 122.5 (124.7) million
  · Growth, -1.8%
  · Growth, currency adjusted, -0.6%
  · Operating profit, SEK 20.4 (18.2) million
  · Operating margin, 16.7 (14.6)%
  · Net profit before tax, SEK 20.4 (17.9) million
  · Net profit after tax, SEK 14.6 (14.7) million
  · Earnings per share, SEK 0.88 (0.86)
  · Cash flow from operations, SEK 20.1 (29.7) million
  · Cash and cash equivalents, SEK 146.7 (127.3) million

Full year 2012

(previous year in brackets. All numbers excluding capital gain.)

  · Net sales, SEK 467.8 (446.7) million
  · Growth, 4.7%
  · Growth, currency adjusted, 3.6%
  · Operating profit, SEK 72.5 (2.2) million
  · Operating margin, 15.5 (0.5)%
  · Net profit before tax, SEK 76.7 (6.0) million
  · Net profit after tax, SEK 53.6 (-1.0) million
  · Earnings per share, SEK 3.18 (-0.06)
  · Cash flow from operations, SEK 80.1 (69.6) million

Anders Lidbeck, President and CEO comments:

“Enea has completed a good year in which it has seen both growth and good
profitability. A year ago, we set forth our long-term ambition: to create a
global software company with considerably higher revenues, high profitability,
good cash flows and a large proportion of recurring revenue. 2012 was our first
step towards this target, and above all we are pleased with how our
profitability has developed.

We achieved an operating profit which was considerably better than last year.
Excluding non-recurring expenses, the profit has doubled. Including non
-recurring expenses, the improvement was even bigger. This resulted in our
highest operating margin ever: 15.5 percent on a full year basis. We delivered a
profit per share which equaled earlier record levels, even though we have
divested 35 percent of our business since then. The decision made last year to
focus on our global software business, where the opportunities for higher
margins are considerably greater, in combination with effective cost control,
has brought us to a level of profitability which Enea has never reported before.

We grew our software revenues and achieved services revenues on par with the
previous year. Our biggest product, the OSE operating system, continued to grow,
mainly due to a high proportion of royalty revenues. We increased our business
with our largest customers, thanks to our focused initiatives involving key
customers. Our subsidiary on the significant US market grew. It is important for
us to develop our presence in the USA as the majority of our hardware partners
are based there and because many of the software trends relevant to us arise
there.

Market Trends

Linux, combined with real-time operating systems, is the widespread standard
when designing telecom equipment for infrastructure, and has become a pre
-requisite in order to retain a leading position among major companies on a
global basis. We launched our first commercial Linux distribution in 2012. This
is fully focused on real-time and utilizes our extensive experience in the
field. We want to be the greatest in the world when it comes to Linux for real
-time. We are not the greatest at present. But we have a good dialogue with our
customers, and we perform well when customers are evaluating potential
suppliers. 2013 will be the year in which we close our first Linux deals and
really start to compete for market shares in this market.

The market for Linux, as for all open source applications, is developing very
quickly. We will need to significantly increase our efforts over the next few
years in order to be the leading player in the field of Linux for real-time
applications. Our ambition is to build up the strongest team in the field over
the course of a number of years. Given the market position that we have created
for ourselves as a world leader in the field of wireless broadband, with our
technology built into more than a billion communicating products all over the
world, and the expertise that we have gathered over more than two decades, I am
certain that we will succeed in this. Nobody has a better chance of achieving
this than we do.

Innovation and Quality

The massive increase in connected devices and the resulting increase in data
traffic are turning telecom into a market with good growth forecasts. However,
this is also a market where there are clear demands for increasing capacity at
lower prices. This means that telecom manufacturers are very price-sensitive. As
with Linux, this continuous hunt for better prices and performance enhancement
creates business opportunities for Enea, but it also means constant pressure on
our business and our margins. Therefore, we will continue to invest outside the
telecom segment as well as gradually moving resources to new areas, all with the
objective of improving our competitiveness, market position, and margins.

Our products and what we deliver must be of very high quality. Better products
than our competitors is an argument that several of our customers use towards
their market. Technical market leadership is another selling point used by a
number of our customers, which means that we have to make sure that our
customers are given access to the latest technology and know how to use it, and
that our products, embedded in our customers’ products, are of outstanding
quality and provide maximum performance.

Dividends

Our cash flow has been good over the year, and we are expecting to continue to
see good cash flows in the future. Given Enea’s present and future financial
position, the Board proposes a transfer to shareholders of SEK 49.7 million,
equivalent to SEK 3.00 per share.

A Final Word

For 2013, we will be continuing to strive towards our long-term profitability
target of 20 percent. Our assessment is that we will improve both our operating
margin and our profit per share over the full year. However, it is likely that
the first quarter will not be as good as the same period 2012.

Enea’s sales vary depending on the success of our customers; this is due to the
royalties we receive based on customers’ sales. Therefore, growth will vary from
quarter to quarter. Of course, the future development of our customers’ sales
will be significant to the development of our margins. Our ambition during a
five year period, commencing in 2012, is to create a global software company
with considerably higher revenues, high profitability, good cash flows, and a
large proportion of recurring revenues.”

Press and analyst meeting

Press and financial analysts are invited to a press and analyst meeting where
Anders Lidbeck, President and CEO, will present and comment on the report.

Time: Thursday February 7 at 9:30 am CET.

Link: Financial Hearings (http://financialhearings.nu/130207/enea/)

Phone number: +46 8-505 56 477 or +44 203 364 53 72

The full report is published at www.enea.com/investors

This information is such that Enea AB (publ) is to publish in accordance with
the Swedish Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication on February 7, 2013 at 7.30 CET.
For more information

Anders Lidbeck, President & CEO
Email: anders.lidbeck@enea.com

Catharina Paulcén, VP Communications
Phone: 46 709 714133
Email: catharina.paulcen@enea.com
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® Lite, 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 subsidiaries. Any
other company, product or service names mentioned above are the registered or
unregistered trademarks of their respective owner. © Enea AB 2013.