INTERIM REPORT 1 January – 30 September 2007

Strong growth in profits
The period 1 January - 30 September 2007 compared with the same period 2006:

• Net sales amounted to SEK 1,003m (777), an increase of 29 percent.
• Operating profit was SEK 74m (40), a rise of 85 percent.
• Profit after tax of SEK 76m (40), an improvement of 90 percent.
• Earnings per share amounted to SEK 0.91 (0.53), an increase of 72 percent.
• Cash flow from operating activities was SEK 43m (18).
• Acquisition of the consultancy firm Abeo in Norway in September, which complements our geographic coverage in the Nordic Region.
• In September, Acando increased its shareholding in the Webmedia Group by 11.6 percentage points. Acando thereby owns 38.6 percent of the company.

Third quarter 2007 compared with the third quarter 2006:

• Net sales amounted to SEK 317m (246), an increase of 29 percent.
• Operating profit was SEK 21m (3), a rise of 600 percent.
• Profit after tax of SEK 20m (3), an improvement of 567 percent.
• Earnings per share amounted to SEK 0.26 SEK (0.03), an increase of 767 percent.
• Cash flow from operating activities was SEK 0m (9).

SUMMARY OF THE PERIOD 1 JANUARY – 30 SEPTEMBER

The comparative figures are affected by the acquired companies e-motion technology AB and Resco AB being consolidated as of 1 March and 16 March 2006 respectively, as well as Deva Management being consolidated as of 1 February 2007, and Acando Denmark and Acando UK (previously IQ Consultancy Ltd) as of 1 March 2007.

Earnings
Earnings per share were SEK 0.91, representing an improvement of 72 percent compared with the same period in 2006. The operating profit of SEK 74m has relatively speaking increased more than earnings per share as a consequence of acquisitions being paid for with newly issued shares. The operating profit for business activities in Sweden rose by 131 percent compared with the same period in 2006. Investments in growth for the subsidiaries in the UK and Denmark have burdened the operating margin, while the subsidiaries in Germany and Finland have contributed positively to the Group's results.

The operating profit for a rolling twelve-month period (October 2006 – September 2007) was SEK 117m (64), representing an increase of 83 percent.

Sales
In Sweden, sales increased in the nine-month period by 14 percent compared with the same period in 2006. Sales for the German operations rose by 42 percent compared with same period last year. The equivalent rise in Finland was 34 percent.

In total, operations outside Sweden represent 30 percent of the Group's consolidated sales. All non-Swedish subsidiaries are deemed to be able to achieve good growth rates, and sales within the non-Swedish part of the Group are expected to increase.

Consolidated sales for a rolling twelve-month period for the Group were SEK 1,342m (977), representing an increase of 37 percent.

Price-sensitive information that is reported to the Swedish Financial Supervisory Authority