SOLNA, Sweden--(BUSINESS WIRE)--JANUARY-JUNE 2011
(STO:IBSB)
· Total revenue decreased to SEK 558 m (664), with professional services revenue down to SEK 313 m (405) and hardware and other revenue amounted to SEK 127 m (136)
· Total license revenue amounted to SEK 118 m (123)
· EBITDA* improved to SEK -63 m (-72)
· Net earnings amounted to SEK -132 m (-121)
· Cash flow from operating activities for the first six months improved to SEK 17 m (-61)
· The result for the first half year has been burdened with one-off costs related to the public takeover and corporate development activities, of approximately 35 m.
| Summary January - June 2011SEK m | 2011 Jan-Jun | 2010Jan-Jun | 2010Jan-Dec | ||||
| Total revenue | 558 | 664 | 1 300 | ||||
| New license sales | 29 | 26 | 66 | ||||
| Renewal revenue | 89 | 97 | 185 | ||||
| Software licenses | 118 | 123 | 251 | ||||
| Professional services revenue | 313 | 405 | 749 | ||||
| Hardware and other revenue | 127 | 136 | 299 | ||||
| Operating profit | -125 | -133 | -196 | ||||
| Earnings after financial items | -131 | -145 | -214 | ||||
| Net earnings | -132 | -121 | -192 | ||||
| EBITDA* | -63 | -72 | -62 |
IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution management solutions. IBS focuses on industries such as automotive, electrical components, paper & packaging and pharmaceutical distribution. More than 4,000 customers across some 40 countries use IBS software to gain fast and measurable returns on IT investments.
IBS B share is listed on NASDAQ OMX First North Stockholm. For more information, please visit www.ibs.net (http://www.ibs.net/)
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