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Interim Report January – September 2006

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  • The turnover for the first nine months increased by 16 percent to SEK 317.8 (275.1) million
  • Results after tax for the first nine months was SEK 13.8 (22.3) million
  • Results per share for the first nine months were SEK 0.44 (0.71)
  • The turnover for the third quarter increased by 7 percent to SEK 100.2 (93.5) million
  • Results after tax for the third quarter was SEK 1.6 (6.1) million
  • Results per share for the third quarter was SEK 0.05 (0.19)
  • Currency divergence effected the result for the first nine months by SEK -2.4 (9.7) million and for the third quarter by SEK 0.6 (2.7) million
  • Cash-flow from the current business for the first nine months was SEK 29.7 (32.7) milllion

KEY DEVELOPMENTS DURING AND AFTER THE THIRD QUARTER OF 2006

ReadSoft closed a number of important deals with large multinational groups during the third quarter of 2006. One of the agreements was with British Petroleum (BP) that has chosen ReadSoft's electronic invoice processing solution. The multinational Group will automate the handling of 2.2 million invoices annually in 13 countries. The solution, which will be delivered by ReadSoft and Ebydos, includes both electronic workflow and full integration with BP's SAP system. The solution will provide BP with a series of advantages, including greater efficiency, reducing the costs associated with invoice processing, and making it easier to track invoices.

On October 2 ReadSoft acquired the, above mentioned, SAP specialist and partner Ebydos. The acquisition of Ebydos is an important strategic move since it gives ReadSoft the possibility to build integrated solutions within the SAP business system instead of building them outside. This gives the company a strong competitive advantage and a unique position in the document automation market. The acquisition makes ReadSoft a world leader in electronic invoice processing products for the SAP business system. With 45 employees, the acquired units in Germany, Poland and the United States reported sales of approximately 4.4 million Euros in 2005. A large part of Ebydos’ sales come directly from the cooperation with ReadSoft. Ebydos has shown good profit and the acquisition is expected to increase ReadSoft's earnings per share already this year.

ReadSoft AB
Jan Andersson, President/CEO
Pho: +46-(0)708 - 37 66 00
Jonna Opitz, Vice President, Corporate Communication
Pho: +46-(0)708 - 37 86 68
E-mail: jonna.opitz@readsoft.com
More about ReadSoft on www.readsoft.com

About ReadSoft
ReadSoft is the world’s leading supplier of software for Document Automation. The company develops and markets a complete product platform for Document Automation named ReadSoft DOCUMENTS. The vision is to free businesses everywhere from manual document handling. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on the Stockholm stock exchange since 1999. For more information please visit www.readsoft.com


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