Acando Interim Report January 1-September 30, 2016
THIRD QUARTER, JULY 1–SEPTEMBER 30, 2016
> Net sales of SEK 469 m (427)
> Operating profit SEK 33 m (22)
> Operating margin 7.1% (5.1)
> Profit after tax was SEK 28 m (14)
> Earnings per share were SEK 0.27 (0.14)
ACCUMULATED, JANUARY 1–SEPTEMBER 30, 2016
> Net sales of SEK 1,573 m (1,550)
> Operating profit SEK 129 m (106)
> Operating margin 8.2% (6.9)
> Profit after tax was SEK 113 m (71)
> Earnings per share were SEK 1.09 (0.68)
> Cash and cash equivalents totaled SEK 68 m (45)
Statement by Carl-Magnus Månsson, CEO
We posted continued strong financial growth, with profits up 50 percent and year-on-year growth of 10 percent for the third quarter of 2016. Increasingly, we are converting market opportunities into larger assignments at and deeper relationships with our major customers. Accordingly, we need to continue growing, and it is pleasing to note the expansion of our talent pool, we need each one of you and more besides. We were therefore particularly pleased to capture an honorable fifth place on the list of the most popular trainee programs in Sweden.
An even more pleasing fact is Acando’s continued development in line with the path we staked out together, and I am proud of the progress on the journey we are currently undertaking together with our customers and staff. During the summer, when we gathered all our talent to relate our customer stories to each other, I realized that there is so much to tell — how the driving forces of customer and user behavior, as well as technology, comprise decisive factors. How the capacity to create insight and energy in transformations is our trademark and how insights into business models and architecture make our assignments successful. We want everyone to experience a modern digital workplace — we see how all the channels combine into a single experience, and we believe that the customer and the patient journey should be the same journey. We believe that vehicles are best when running themselves, we know that customer insight is more than customer data, and we are delighted to drive a cloud transformation and to link up the railway or a car. We understand that the digital preconditions open entirely new markets to our customers and we are proud of the compiled potential of all our talent. But above all, we are absolutely convinced that the personal commitment of each and every one of us represents our way of earning our customers’ confidence.
During the quarter, this confidence has manifested itself in a number of major, new projects. Electrolux has tasked us with implementing a new global digital workplace, which is based on Microsoft Office 365 and Acando’s packaged solution Acando Collaboration Platform (ACP), which has been implemented at some 40 customers. Together with a partner, Acando has won a procurement in Norway for a project aimed at defining and building a new digital solution to manage parental insurance among other things. Once again, the project demonstrates Acando’s strong position as a public sector supplier in Norway and is one of the largest assignments in Acando’s history.
I would also like to welcome the German firm Brickmakers to Acando. With its clear profile in mobile and web-based applications, the acquisition strengthens the Group’s already favorable position as a complete digital supplier. Acando wants to be a natural partner for our customers’ digital adventures and Brickmakers strengthens that position.
Acando’s vision is “A more capable world,” and through each assignment we create greater capabilities; in ourselves, our employees, our customers and in our operating environment.
This report comprises information that Acando AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. This information was submitted through the agency of the contacts for publication on October 27, 2016 at 8:00 a.m. (CET).
For further information, please contact:
Carl-Magnus Månsson, President and CEO +46 (0)8 699 73 77
Anneli Lindblom, CFO +46 (0)8 699 73 09
Acando is a consulting company whose business concept is, in partnership with its customers, to create business value by enhancing and streamlining processes, organizations and digital solutions. We stand out due to our ability to combine skills in strategy and business operations with sound technical expertise and deep understanding of how organizations function. The Group has approximately 1,600 employees allocated over five countries. Acando had sales of more than SEK 2 billion in 2015 and is listed on Nasdaq Stockholm.