IFS Interim Report January–June 2012: Full-year outlook remains strong despite slow first six months

April–June 2012 (second quarter)

License revenue amounted to SKr 92 million (Q2 '11: SKr 93 million), a decrease of 3 percent currency adjusted.

Maintenance revenue was SKr 232 million (Q2 '11: SKr 199 million), an improvement of 14 percent currency adjusted.

Consulting revenue amounted to SKr 327 million (Q2 '11: SKr 333 million), a decrease of 3 percent currency adjusted.

Net revenue was SKr 652 million (Q2 '11: SKr 628 million), an improvement of 2 percent currency adjusted.

EBIT amounted to SKr 26 million (Q2 '11: SKr 52 million).

Earnings per share after full dilution amounted to SKr 0.54 (Q2 '11: SKr 1.26).

January–June 2012 (six months)

License revenue amounted to SKr 175 million (YTD '11: SKr 167 million), an increase of 3 percent currency adjusted.

Maintenance revenue was SKr 454 million (YTD '11: SKr 395 million), an improvement of 13 percent currency adjusted.

Consulting revenue amounted to SKr 662 million (YTD '11: SKr 668 million), a decrease of 2 percent currency adjusted.

Net revenue was SKr 1,295 million (YTD '11: SKr 1,235 million), an improvement of 3 percent currency adjusted.

EBIT amounted to SKr 38 million (YTD '11: SKr 62 million).

Cash flow after investments was SKr -68 million (YTD '11: SKr 43 million). Cash flow, adjusted for the Metrix acquisition, was SKr 50 million (YTD '11: SKr 43 million), an improvement of 16 percent.

Earnings per share after full dilution amounted to SKr 0.78 (YTD '11: SKr 1.41).

Outlook

For the full year, the outlook remains unchanged. IFS expects strong organic license growth and improved EBIT in 2012.

Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com

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

About IFS
IFS is a public company (XSTO: 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 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

More information is available at www.IFSWORLD.com.

IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on July 19, 2012 at 8:00 a.m. (CEST).

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