IFS Quarterly Report January – March 2007

First quarter 2007

- Net revenue amounted to SKr 527 million (547). Adjusted for exchange rate effects of SKr 19 million, net revenue was in line with the corresponding quarter in 2006.
- License revenue amounted to SKr 72 million (89), whereas maintenance and support revenue reached SKr 158 million (152).
- Consulting revenue amounted to SKr 292 million (296).
- EBIT amounted to SKr 8 million (21), with earnings before tax amounting to SKr 1 million (7). Profit after tax for the period was SKr 4 million (7), with profit per share after tax amounting to SKr 0.02 (0.03).
- Cash flow after investments amounted to SKr 13 million (68).

Outlook

The expectations for 2007 remain an EBIT that is significantly better than the 2006 EBIT of SKr 120 million and continued improvement in cash flow.