Preliminary Report 2007

Fourth quarter 2007

• Net revenue reached SKr 682 million (616). License revenue was SKr 148 million (140), whereas maintenance and support revenue amounted to SKr 176 million (153). Consulting revenue reached SKr 353 million (313).
• EBIT increased to SKr 64 million (63), negatively affected by provisions of SKr 10 million for disputes. Profit before tax was SKr 67 million (49). Profit after tax amounted to SKr 28 million (223). Profit in 2006 was positively affected by a revaluation of activated deferred tax claims of SKr 183 million. Profit per share for the period was SKr 0.11 (0.96).
• Cash flow from current operations decreased to SKr 101 million (134), primarily because of delayed customer payments over the turn of the year. Cash flow after investment operations amounted to SKr 61 million (75).   

Full year 2007

• Net revenue reached SKr 2,356 million (2,209). License revenue increased to SKr 478 million (433), whereas maintenance and support revenue amounted to SKr 659 million (600), representing an organic growth in product revenue of 12%. Consulting revenue reached SKr 1,194 million (1,140).
• EBIT increased to SKr 141 million (120), with earnings before tax of SKr 129 million (75). Profit after tax was SKr 122 million (246). Profit in 2006 was positively affected by a revaluation of activated deferred tax claims of SKr 184 million compared with SKr 58 million in 2007. Profit per share after tax was SKr 0.48 (1.07).
• Cash flow from current operations amounted to SKr 174 million (252). Cash flow after investment operations totaled SKr 20 million (86).  

Outlook

• The target of the board of directors for 2008 is to increase EBIT and significantly improve cash flow.   

Preliminary Report 2007 — PDF-file (140 KB)

Presentation of Preliminary Report 2007 — PDF-file (141 KB)