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IBS Interim report January - June 2008

Press Release 2008-08-08

Solna, Sweden, August 8, 2008 - IBS AB (listed on the OMX Nordic Exchange Stockholm, Nordic list, Small Cap, Information Technology: IBS) today presented the Group’s interim report for January 1 – June 30, 2008. The information was submitted for publication on August 8, 2008, 8:00 a.m.

January - June

  • Total revenue amounted to SEK 1,000 m (1,072).

  • Net profit amounted to SEK -71 m (-24).

  • Earnings per share amounted to SEK -0.84 (-0.28).

  • Operating profit amounted to SEK -81 m (-31).

  • Earnings after financial items totaled SEK -86 m (-32).

  • Cash flow from operating activities amounted to SEK 29 m (76).

April - June

  • Total revenue amounted to SEK 516 m (531), of which new license sales amounted to SEK 44 m (38), an increase of 16%.

  • Net profit amounted to SEK -25 m (-15).

  • Earnings per share amounted to SEK -0.30 (-0.18).

  • Operating profit amounted to SEK -26 m (-22).

  • Earnings after financial items totaled SEK -23 m (-23).

  • Cash flow from operating activities amounted to SEK -21 m (-26).

  • IBS completed a rights issue to shareholders that was fully subscribed to and raised SEK 397 m. The full amount was paid in July 2008.

  • Break-through contract in the Russian market to largest national importer and retailer of foreign cars.

  • Swedish food distribution company Servera signed a professional services
    agreement at a total value of SEK 40 m. 

Summary of January – June 2008H1 2008H1 2007Change %
Total revenue, SEK m   1 0001 072-7%


- New sales 
- Renewal revenue 
Software licenses, SEK m

  67
127
194		 77
129
206		-6%
License margin 88%92%-4 p.p.
Professional services revenue, SEK m586599-2%
Professional services margin           15%17%-2 p.p.
Hardware and other revenue, SEK m 220267-18%
Hardware and other margin19%18%1 p.p.
Operating profit, SEK m-81-31
Earnings after financial items, SEK m-86-32 
Net profit-71-24
Operating margin, rolling 12-month basis*   -0.3%2.5%-2.8 p.p.

 * Excluding restructuring costs and capital loss from the sale of subsidiaries.