INTERIM REPORT FOR THE PERIOD JANUARY 1 - SEPTEMBER 30, 2004

INTERIM REPORT FOR THE PERIOD JANUARY 1 - SEPTEMBER 30, 2004 Higher share of project commitments The first nine months of 2004 compared with the same period of 2003* ·Net sales rose to SEK 441 million (338). ·Operating profit before goodwill amortization (EBITA) rose to SEK 18 million (-153), producing an operating margin of 4.1% (-45.3) for the period. ·Profit after tax amounted to SEK 8 million (-150). ·Earnings per share for the period amounted to SEK 0.13 (-3.79). ·Cash flow from operating activities, excluding the liquidity effect of previous structural costs, amounted to SEK 20 million. ·Edge Consulting was acquired following the conclusion for the period. Third quarter 2004 compared with the same quarter of 2003* ·Quarterly net sales amounted to SEK 115 million (125). ** ·Operating profit before goodwill amortization (EBITA) was SEK 3 million (-84). ·Important agreements have been signed with the Swedish Maritime Administration and Mölnlycke Healthcare. A new strategic cooperation has been established with Logica CMG. * Acando AB included as of July 1, 2003. ** The third-quarter figure for 2003 includes Frontec's previous operations in Luleå. "We have now been profitable for the last four quarters," says Lars Wollung, President and CEO of AcandoFrontec. "The company is stable and harmonious, and we are beginning a new era in our development. Our goal is to grow in terms of both sales and margin, mainly through solutions to help customers improve their profitability with information technology. Sales of these offerings have increased by 50% from Q4 2003 through Q3 2004, and we hope to raise that growth rate." Financial information is also available on our website www.acandofrontec.com For more information, please contact Lars Wollung, President and CEO telephone +46 730 21 14 26 Bertil Carlsén, Executive Vice President & CFO telephone +46 730 21 10 92 Jan Rehn, Director of Communications and Investor Relations telephone +46 31 345 32 43 AcandoFrontec is a management and IT consulting company that identifies and quickly implements performance improvements. Our consultants are business integration specialists who help customers to achieve improvements by developing processes, organizations and IT solutions. Our work is strongly focused on the bottom line and a responsibility for ensuring that customers receive the improvements they expect from their investment. The company has just over 500 employees at five offices in Sweden. AcandoFrontec is listed on Stockholmsbörsen's O-list under the ticker symbol AFAB. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/11/11/20041111BIT20610/wkr0001.pdf The full report