Business News

Interim Report January-September 2009

Friday 23. October 2009 - Profit after tax and continued strong cash flow

Sales for the first nine months increased by 12% to SEK 450.3 (401.8) million
Operating profit EBITDA for period was SEK 7.4 (7.6) million
Earnings per share after tax for the period were SEK -0.46 (-0.64)
Sales for the third quarter increased by 12% to SEK 143.3 (127.9) million
Operating profit EBITDA for the third quarter was SEK 3.0 (3.8) million
Earnings per share after tax for the third quarter were SEK 0.03 (-0.36)
Cash-flow from operating activities for the first nine months was SEK 72.2 (52.0) million

“Keeping the market climate in mind, our third quarter result was good. Our after-tax results now show a profit, and sales increased by 12 per cent compared to the previous year. Cash flow is still strong and increased by 39 per cent to SEK 72.2 million for the first nine months of the year.

Exchange rate differences during the quarter influenced both costs and revenues to a large degree. Seen in local currencies, costs fell by approximately 5 per cent compared to same period the previous year, while the sales growth in local currencies increased by 2 per cent.

The market is still tough, but there are signs of improvement. The banks in England, for example, are starting to require solutions for document handling. We have also sealed a number of larger deals this quarter in France and Australia, indicating that there is also light on the horizon.

The fourth quarter is normally our strongest period of the year and we are now focused on improving results and growing our business compared to last year.”