Interim Report January 1 – March 31, 2011

22/04/2011
During the first quarter of the year, Acando’s operations reported a healthy trend which was supported by an increasingly strengthened market and continued operational efficiency measures. Organic growth measured in local currencies amounted to approximately 15 percent, though negative currency effects of about 4 percentage points arose from the strengthened SEK. A rising degree of utilization and a favorable mix of services in deliveries resulted in substantial improvement in the operating profit to SEK 34 m from SEK 19 m in the year-earlier period. Operating margins are in line with the corresponding period during the robust economic climate of 2008 in all countries.

".....The UK demonstrated continued favorable growth and profitability trends. Operational focus remains on deliveries of advanced program management services. In addition, a number of new customer relationships were established during the quarter based on the existing service offering....."

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