During Cybercom's 11-year history, 2006 generated the best bottom line. With an operating margin of 9.5% from running operations, Cybercom almost* achieved its 2006 financial objective of 10%. The company has expanded and broadened its market through organic growth.
* Cybercom achieved its target if special costs in conjunction with the take-over bid from the principal shareholder are excluded and costs related to management changes and recruitment.
Sales
SEK million
| Jan-Dec 2006 1) | 544.8 |
| Jan-Dec 2006 2) | 535.8 |
| Jan-Dec 2005 | 466.4 |
| Q4-06 1) | 151.3 |
| Q4-06 2) | 149.5 |
| Q4-05 | 131.0 |
15% increase
Operating profit
SEK million
| Jan-Dec 2006 1) | 54.3 |
| Jan-Dec 2006 2) | 50.9 |
| Jan-Dec 2005 | 34.7 |
| Q4-06 1) | 21.9 |
| Q4-06 2) | 17.9 |
| Q4-05 | 11.8 |
47% increase
Operating margin
%
| Jan-Dec 2006 1) | 10 |
| Jan-Dec 2006 2) | 9.5 |
| Jan-Dec 2005 | 7.4 |
| Q4-06 1) | 14.5 |
| Q4-06 2) | 12 |
| Q4-05 | 9 |
28% increase
Profit
SEK million
| Jan-Dec 2006 1) | 41.1 |
| Jan-Dec 2006 2) | 35.3 |
| Jan-Dec 2005 | 24.5 |
| Q4-06 1) | 16.3 |
| Q4-06 2) | 10.5 |
| Q4-05 | 8.9 |
44% increase
No. employees
At period's end
| Jan-Dec 2006 1) | 489 |
| Jan-Dec 2006 2) | 481 |
| Jan-Dec 2005 | 414 |
| Q4-06 1) | 489 |
| Q4-06 2) | 481 |
| Q4-05 | 414 |
16% increase
1) Profit from running operations, excluding one-offs and divestment in Norway.
2) Profit including one-offs and divestment in Norway.
International operation
The UK operation developed well in 2006 and reported good growth. The Singapore operation reported 100% growth. And the Norwegian operation was dissolved due to weak development and no critical mass.
Offshore capacity
In 2006, Cybercom launched an operation in India - to offer competitive offshore services. Its first offshore project was for Sony Ericsson. Cybercom was responsible for application management, development, and testing of external web sites and associated functions.
Expansion in the Öresund region
Cybercom continued to expand in the Öresund region, where it employs 250 consultants. At year-end, Cybercom bought Varchar, an IT consultancy. The contract specified a January 2007 take-over. Varchar brings key customers and new market segments into Cybercom.
CEO recruitment
Mats Alders, Cybercom's former president and CEO, left the company for another industry. Cybercom recruited Patrik Boman to replace him; Patrik will start in May 2007. His most recent job was at HiQ, where he was MD for the Stockholm operation.
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