January - June 2003 financial report for Cybercom

January - June 2003 financial report for Cybercom Stable first half enables Cybercom to stay assertive H1 2003 sales reached SEK 159.7 million (188.2). Profit before goodwill reached SEK 4.2 million. This is an improvement over last year (3 million), which yields a positive 2.6% margin. Q2 2003 sales reached SEK 79.1 million (85.4), and profit before goodwill was SEK 0.9 million (-4.3), which yields a 1.1% margin. Q2 cash flow from running operations was SEK 4.1 million. Cybercom's market focus, solutions orientation, and strong balance sheet demonstrate the company's competitiveness, which has resulted in increased market shares. "We're strong - thanks to our position higher up in the value chain and our many customer relations, which are confirmed partnerships," says Mats Alders, president and CEO of the Cybercom Group. "I'm delighted to report that the number of application management projects continues to increase within telecom, finance, and pharmaceuticals, our areas of focus." The company's goal for 2003 is to improve its operating margin before goodwill (EBITA), compared with 2002. For more information Mats Alders, president and CEO, Cybercom Group, +46 70 725 32 00 Mats Johansson, CFO Cybercom Group, +46 70 834 33 56 Cybercom Group is a pan-European IT consultancy with a wide ranging experience in leading and delivering technology projects in the financial markets, banking, telecom and pharmaceutical industries. Cybercom was founded in 1995 and listed on the Stockholm stock exchange's O list (Stockholmsbörsen) in 1999. The company currently employs around 300 staff, has offices in Denmark, Sweden and the UK, and undertakes client projects throughout Europe. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/13/20030813BIT00060/wkr0001.pdf The Full Report