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IBS Interim Report January – June 2011

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JANUARY-JUNE 2011

  • Total revenue decreased to SEK 558 m (664), with professional services revenue down to SEK 313 m (405) and hardware and other revenue amounted to SEK 127 m (136)
  • Total license revenue amounted to SEK 118 m (123)
  • EBITDA* improved to SEK -63 m (-72)
  • Net earnings amounted to SEK -132 m (-121)
  • Cash flow from operating activities for the first six months improved to SEK 17 m (-61)
  • The result for the first half year has been burdened with one-off costs related to the public takeover and corporate development activities, of approximately 35 m.

Summary January - June 2011SEK m 2011 Jan-Jun 2010Jan-Jun 2010Jan-Dec
Total revenue 558 664 1 300
New license sales 29 26 66
Renewal revenue 89 97 185
Software licenses 118 123 251
Professional services revenue 313 405 749
Hardware and other revenue 127 136 299
Operating profit -125 -133 -196
Earnings after financial items -131 -145 -214
Net earnings -132 -121 -192
EBITDA* -63 -72 -62

 

For more information, please contact:

Christian Paulsson
Acting CEO and COO, IBS AB

+46 (0) 8 627 45 36
Christian.Paulsson@ibs.net

Fredrik Sandelin
CFO and Head of HR, IBS AB

+46 (0) 8 627 23 00
Fredrik.Sandelin@ibs.net

 

 

 

IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution management solutions. IBS focuses on industries such as automotive, electrical components, paper & packaging and pharmaceutical distribution. More than 4,000 customers across some 40 countries use IBS software to gain fast and measurable returns on IT investments.

IBS B share is listed on NASDAQ OMX First North Stockholm. For more information, please visit www.ibs.net 

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International Business Systems IBS AB

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