Acando : Interim Report January 1 - September 30, 2015

THIRD QUARTER, JULY 1 - SEPTEMBER 30, 2015

> Net sales of SEK 427 m (447)

> Operating profit SEK 22 m (loss: 25*)

> Operating margin 5.1% (neg.)

> Profit after tax was SEK 14 m (Loss: 22)

> Earnings per share were SEK 0.14 (neg: 0.24)

ACCUMULATED, JANUARY 1 - SEPTEMBER 30, 2015

> Net sales of SEK 1,550 m (1,236)

> Operating profit SEK 106 m (8*)

> Operating margin 6.9% (0.6)

> Profit after tax was SEK 71 m (4)

> Earnings per share were SEK 0.68 (0.05)

> Cash and cash equivalents totaled SEK 45 m (41)

* Due to the acquisition of Connecta the operating profit is affected by items affecting comparability in 2014.

Statement by Carl-Magnus Månsson, CEO

For the first nine months, the development of the operation posted a positive trend in our three largest geographies. Germany and Norway have made significant progress and continued to trend positively in terms of margin and growth in the third quarter. Over the last few years, we have driven changes in the structures and offerings in both countries and are now starting to see the results. In the first nine months, the margin improved for operations in Sweden, however we have identified significantly more potential to be gained from a favorable position in a market with many opportunities, both in terms of margins and growth.

In the Digital area, we have noted how customers prioritize innovation, particularly innovation driven in short cycles with clear targets to create business value. We have also noted how an increasing number of customers have chosen to create a digital foundation, to work to create a long-term, sustainable digital platform through clear choices of architecture and approaches to areas, such as integration, process efficiency, cloud-based deliveries and information analysis. It is becoming increasingly obvious that the businesses we are meeting are in two different cycles, one being innovation driven and the other driven by endurance. This characterizes all parts of our offering, and we are well-positioned to support both cycles at our customers. In particular, we are now seeing evidence of how the need for skills from strategic insight to immediate realization is decisive for taking the right decisions in an increasingly complex and fast-moving reality. Acando's study, Digital Insights 2015 provides insight into the most important digital issues at 200 of the largest companies in Sweden. On the 27th of November, we will launch the full results of the study, so far we have three important conclusions;

- Attracting and retaining top digital talent is becoming more and more important.
- Innovation merge companies' overall strategy work with the digital business.
- The company's own ability to drive transformation on a large scale, is a concern.

We will also gradually increase interaction between our geographies and skills areas to thereby take an increasingly clear digital position. We have already noted how we have strengthened positions in the retail and energy sectors through strong links between countries and the customers we manage across national borders. The partnership with Avensia and Microsoft that was launched during the quarter creates excellent possibilities for accelerating growth in e-commerce throughout our geographies.

We are continuing our shared journey together with employees, customers and partners. We are driven by the desire to create value and promote new talents at Acando and our customers. We are proud over the trust our customers show in us, particularly when customers who have worked with us for a long time extend that trust with new assignments. We continue to drive the packaging of solutions for accelerated value creation, the right mix of on/nearshore deliveries for cost-efficiency and customer and assignment size for increased utilization rates.

Acando is well-positioned to continue growing and our focus is currently on recruiting in all areas. A key element is our trainee program and, in August, two new programs started; Acando Nova 13 and Acando Nova 14. For the first time, the program was established outside of Stockholm, with trainees from Gothenburg and Malmö. We are also poised to expand the next round of trainee programs to include Norway. Our trainee program builds Acando and also provides us with new perspectives, talents and access to ambition, which is unlike anything I have ever seen and which has been noted by a number of our customers who have asked 'Are there any Novos assigned to the project?'.

This is information that Acando AB (publ) is obligated to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. This information was submitted for publication on November 11, 2015.

For further information, please contact:
Carl-Magnus Månsson, President and CEO [phone]
Anneli Lindblom, CFO [phone]

Acando is a consulting company whose business concept is, in partnership with its customers, to create business value by enhancing and streamlining processes, organizations and digital solutions. We stand out due to our ability to combine skills in strategy and business operations with sound technical expertise and deep understanding of how organizations function. The Group has approximately 1,800 employees allocated over four countries. Acando had sales of close to SEK 2 billion in 2014 and is listed on the Nasdaq Stockholm.

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