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Patrik Syrén

Investor Relations Officer

Tel. +46730746630

Interim Report January-June 2009

Published: 17 July, 2009

Demand on the IT consultancy market during the interim period January – June 2009, has remained fairly good overall, but with variations between different market fields. In telecommunications and vehicle industry, making up around 9 percent of Know IT’s net sales, demand has remained small. The ordering situation has been characterized by shorter advance planning, leading to a decreased amount for debit items. Larger consultancy buyers continue to press prices.

Know IT’s distribution, both geographic and over different market segments, provides benefits on a competitive market. On the Norwegian market, and in the Stockholm, Göteborg and Mälardalen regions, demands have remained high. Demand in Southern Sweden has increased from a low level.
The Interim Report in short:

• Stable development of net sales and continued good result
• Improved financial position
• Continued success with new frame agreements. Now amounting to over 100
Interim Period (January-June)

• Net sales rose to SEK 711.9 (653.0) million
• Operating profit before amortization of intangible assets (EBITA) was SEK 74.1 (80.0) million
• Result after tax was SEK 43.6 (53.1) million, taxes totaled SEK -18.1 (-21.4) million
• Earnings per share equaled SEK 3.08 (4.07)
• Cash flow from operating activities was SEK 19.6 (36.0) million
• The operating margin was 10.4 (12.3) percent
Reporting period (April - June)

• Net sales rose to SEK 358.5 (341.2) million
• Operating profit before amortization of intangible assets (EBITA) was 33.9 (41.1) million
• Result after tax was SEK 20.1 (27.7) million, taxes totaled SEK -8.3 (-10.9) million
• Earnings per share equaled SEK 1.40 (2.07)
• Cash flow from operating activities was SEK 33.2 (19.0) million
• The operating margin was 9.5 (12.1) percent

Read thereport here>>