IBS Interim Report January - March 2009

Solna, Sweden, May 7, 2009 - IBS AB (listed on the OMX Nordic Exchange Stockholm, Nordic list, Small Cap, Information Technology: IBS) today presented the Group’s interim report for January 1 - March 31, 2009. The information was submitted for publication on May 7, 2009, 12:00 p.m.

• Total revenue SEK 451 m (484).
• Net profit SEK -91 m ( 46).
• Earnings per share SEK -0.73 (-0.56).
• Operating profit SEK -85 m (-55).
• Earnings after financial items SEK -88 m (-63).
• EBITDA* SEK 12 m (-23)
• Cash flow from operating activities amounted to SEK 11 m (50).
• The staff reduction element of the strategic initiative announced in September 2008 has been completed.
• On January 15 an Extraordinary General Meeting of shareholders approved an incentive program to senior executives and Board of Directors.
• On March 12 the Board decided to apply for a listing of IBS B series shares on First North with a simultaneous delisting from Nasdaq OMX.

Important events after end of period
• A new Chief Financial Officer, Mark Williams, was appointed on April 6.
• Last day of trading on Nasdaq OMX will be May 8 and first day of trading on First North will be May 11.

* Earnings before interest, taxes, depreciation, amortization, restructuring costs and profit/loss from sale of subsidiaries.

For more information, please contact:

Oskar Ahlberg, Senior Vice President of Communications, IBS AB
Tel: +46-70-244 24 75
oskar.ahlberg@ibs.net

IBS AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.00 on May 7.