Interim Report January-June 2005

Continued positive earnings trend

January-June 2005 - Total revenue amounted to SEK 1,109 m (1,133) - Net profit amounted to SEK 582 m (- 3) - Earnings per share amounted to SEK 7.31 (- 0.04) - Earnings after financial items amounted to SEK 589 m (- 4). Excluding capital gains, earnings amounted to SEK 18 m (- 4). April-June 2005 - Total revenue amounted to SEK 558 m (571) - Net profit amounted to SEK 4 m (- 1) - Earnings per share amounted to SEK 0.04 (- 0.01) - Earnings after financial items amounted to SEK 11 m (0) - Professional services margin increased to 22% (20%) - Continued earnings improvement in Sweden - Acquisition of software vendor IDS in Australia Forecast for full-year 2005 - The forecast remains for continued improvements in earnings after financial items, compared with full year earnings for 2004, which according to the new accounting principles (IFRS) amounted to SEK 56 m. Magnus Wastenson, CEO of IBS, comments on the second quarter of 2005: “Earnings improved by SEK 22 m, compared with the preceding year, which was primarily attributable to improved earnings in Sweden and the rest of the Nordic region. Sales of international software developed well, and the license margin increased. The acquired software vendors TMS and IDS showed a positive trend, with several major new customer contracts secured during the second quarter. “Our financial position is now very strong, providing scope for further expansion within our current business and via complementary acquisitions that contribute to growth and increased profitability.”