Year-end report 2007

Earnings per share increased by 32 percent

Period 1 January – 31 December 2007 compared with the same period 2006 1)

• Net sales amounted to SEK 1,440 million (1,116), representing an increase of 29 percent.
• Operating profit amounted to SEK 111m (83), giving a rise of 34 percent.
• Profit after tax amounted to SEK 109m (84), an increase of 30 percent.
• Earnings per share amounted to SEK 1.33 (1.01), representing an increase of 32 percent.
• Cash flow from operations amounted to SEK 101m (39), a rise of 159 percent.

Fourth quarter 2007 compared with the fourth quarter 2006 1)

• Net sales amounted to SEK 437m (339), representing an increase of 29 percent.
• Operating profit amounted to SEK 37m (43), a decline of 14 percent.
• Profit after tax amounted to SEK 33m (44), representing a fall of 25 percent.
• Earnings per share2) amounted to SEK 0.42 (0.49), a decrease of 14 percent.
• Cash flow from operations amounted to SEK 58m (21), an increase of 176 percent.

Significant events further to the end of the year
On 31 January 2008, Acando sold its entire shareholding in AS WMG (Webmedia Group), representing 38.6 percent of the share capital. This will result in a capital gain of SEK 13m in the first quarter 2008. On the same date, Acando acquired the remaining shares in Acando Denmark A/S, representing 49 percent of the share capital, resulting in the company becoming a wholly owned subsidiary of Acando AB.

Dividend
The Board of Directors proposes to the Annual General Meeting of Shareholders that a dividend of SEK 0.50 per share be declared, representing a total of approximately SEK 38.8m.

Repurchase
In accordance with the authorisation granted by the Annual General Meeting of Shareholders, the Board of Directors has adopted the repurchase of Series B shares up to an amount of SEK 30m, with however a maximum of 3,000,000 shares, representing a maximum of 3.9 percent of the total number of outstanding shares.

1) All figures include the operations of Webmedia divested in January 2008.
2) After dilution (as previously).

SUMMARY OF THE PERIOD 1 JANUARY – 31 DECEMBER
All figures include the operations of Webmedia divested in January 2008.

Profit and earnings
Earnings per share amounted to SEK 1.33 representing an increase of 32 percent compared with last year. The equivalent increase in the operating profit of SEK 111m was 34 percent. The operating profit for operations in Sweden rose by 30 percent compared with the same period in 2006. Growth-investments for the subsidiaries in the UK and Denmark have burdened the operating profit, while the subsidiaries in Germany, Norway and Finland have contributed positively to the Group's results. Operations in the part-owned Webmedia also gave positive results. The loss-making units in the UK and Denmark have gradually improved their results and are expected to show a profit in 2008.

Please read the full report in the attached pdf file.