Mandator AB: Interim report for the period January - September 2004

10/28/2004, 9:21 AM (Source: GlobeNewswire)

"Mandator's positive development continues and it is encouraging that
we can also report a profit after tax for the third quarter. The
utilisation rate is increasing and there is growing interest in IT
investments, not least in the telecom industry.

We shall attain increased margins through further specialisation and
productification of our offering and by intensifying our
partnerships. In order to counter the still pinched - but stable -
price levels we shall now increase the proportion of commitments
wherein Mandator takes full project responsibility. We have also seen
growth in the outsourcing of systems development, validation and
testing to Mandator's offices in Estonia, which now boast more than
eighty staff members.

Mandator has, after restructuring, a specialised offering and a
cost-effective organisation. Increased demand provides room for
expansion and increased hourly charges. We now have the potential to
start growing again," says CEO Niklas Flyborg.

* Positive earnings
- Sales during the third quarter: SEK 91 (85) million
- EBITA: SEK 9 (-5) million
- Profit/loss after tax: SEK 7 (-11) million
- Utilisation rate increased by eight percentage points to 74%
- Sales per employee increased by 14%
- The EBITA result has been positively affected by work conducted
in previous periods now being taken up as income and the dissolution
of a reserve for a previously communicated decision by an arbitration
board in the amount of SEK 12 million net.

* New business deals within prioritised areas
- The telecom sector offers growth opportunities. During the year,
Mandator has doubled its business with Ericsson and has received
several assignments from Vodafone and Symbian.
- Within the automotive industry Mandator is strengthening its
position through the development of IT-based support for dealers.
- Vägverket's choice of Cenit as its project tool for more than 500
employees is a new breakthrough for one of Mandator's proprietary
- A new general agreement within professional IT services has been
signed with Uppsala County Council.

* The period January-September
- Sales: SEK 278 (309) million
- EBITA: SEK 9 (-29) million
- Profit/loss after tax: SEK -3 (-78) million
- Earnings per share: SEK -0.03 (-0.90)

Stockholm, 28 October 2004

Mandator AB (publ)
Niklas Flyborg, CEO

The full report including tables can be downloaded from the following
View document
Questions regarding this report may be addressed to:
Niklas Flyborg, CEO, Tel: +46 705 949 678,
Robert Karlsson, CFO, Tel: +46 709 56 51 41,

Mandator AB
Maria Skolgata 81
Box 17540
SE-118 91 Stockholm
Tel: +46 8 402 31 00
Fax: +46 8 402 31 38
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