IBS Interim report January-June 2007

January-June 2007
• Total revenue amounted to SEK 1,072 m (1,124).
• Net profit amounted to SEK -24 m (21).
• Earnings per share amounted to SEK -0.28 (0.26).
• Operating profit amounted to SEK -31 m (27).
• Earnings after financial items totaled SEK -32 m (27).

April-June 2007
• Total revenue amounted to SEK 531 m (562).
• Net profits amounted to SEK -15 m (11).
• Earnings per share amounted to SEK -0.18 (0.13).
• Operating profit amounted to SEK -22 m (13).
• Earnings after financial items totaled SEK -23 m (13).

Outlook for 2007
In June, IBS communicated that the company will not achieve its forecast of 7% operating margin for the full year 2007. The Board of Directors and Group Management have decided to implement a comprehensive analysis of the IBS business model and cost structure, and possible measures to increase the billing rate in the professional services organization, which is responsible for more than 50% of IBS’ revenue. The ongoing restructuring program will proceed during the second half of the year, with the relocation of parts of the software and product development to middle and low-cost countries, the consolidation of offices and enhancing the efficiency of IBS’ administration.

IBS’ long-term financial goal of an operating margin of at least 10% remains.



A telephone and web conference will be held in conjunction with the publication of IBS Q2 Results 2007.

The presentation is held on 19 July at 09.30 a.m. (CET).

IBS Group participants are Erik Heilborn, President and CEO, Peter Tauberman, Acting CFO CFO, and John Womack, Senior Vice President Communications and IR. The presentation will be held in English.

If you wish to join the telephone conference, please dial:
SWE +46(0)8 5853 6965
UK +44 20 7138 0845
The presentation can also be followed via www.ibs.net or www.financialhearings.com