Challenging half year but full-year outlook remains in place

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April–June 2011 (second quarter)

  • License revenue amounted to SKr 93 million (Q2 '10: SKr 103 million), a decrease by 2 percent currency adjusted.
  • Maintenance revenue was SKr 199 million (Q2 '10: SKr 205 million), an improvement of 5 percent currency adjusted.
  • Consulting revenue amounted to SKr 333 million (Q2 '10: SKr 343 million), an improvement of 4 percent currency adjusted.
  • Net revenue was SKr 628 million (Q2 '10: SKr 655 million), an improvement of 3 percent currency adjusted.
  • EBIT amounted to SKr 52 million (Q2 '10: SKr 64 million). Cash flow after investments was SKr 0 million (Q2 '10: SKr 92 million).
  • Earnings per share after full dilution amounted to SKr 1.26 (Q2 '10: SKr 1.35).

January–June 2011 (six months)

  • License revenue amounted to SKr 167 million (YTD '10: SKr 168 million), an improvement of 8 percent currency adjusted.
  • Maintenance revenue was SKr 395 million (YTD '10: SKr 404 million), an improvement of 5 percent currency adjusted.
  • Consulting revenue amounted to SKr 668 million (YTD '10: SKr 665 million), an improvement of 8 percent currency adjusted.
  • Net revenue was SKr 1,235 million (YTD '10: SKr 1,244 million), an improvement of 7 percent currency adjusted.
  • EBIT amounted to SKr 62 million (YTD '10: SKr 72 million). Cash flow after investments was SKr 43 million (YTD '10: SKr 166 million).
  • Earnings per share after full dilution amounted to SKr 1.41 (YTD '10: SKr 1.46).

Outlook
For the full year, the outlook remains unchanged. IFS expects good organic growth in 2011, with stronger license sales and an improvement in EBIT.

Contact Information
Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com

About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion. More information on IFS is available at www.IFSWORLD.com 

IFS, Box 1545, SE-581 15 Linköping, Sweden – Phone: +46 13 460 40 00 – Fax: +46 13 460 40 01
Industrial and Financial Systems, IFS AB (publ) is a limited liability company registered in Linköping, Sweden.
Corporate identity number: 556122-0996

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