EVRY reports EBITA of NOK 223 million for the fourth quarter of 2012 - Seite 2

• Consolidated operating revenue for 2012 was NOK 12,731 million, with virtually zero growth from 2011
• EBITA of NOK 708 million in 2012 (NOK 669 million in 2011 before pension effects)
• EBITA margin of 5.6% in 2012 (5.2% in 2011 before pension effects)
• Non-recurring items in 2012 totalled NOK 209 million (NOK 88 million in 2011)
• EBIT was NOK 552 million in 2012 (NOK 512 million in 2011 before pension effects)
• EPS NOK 0.74 for 2012 (NOK 0.86 for 2011)

Fourth quarter 2012 figures for EVRY's business areas

IT Operations

Operating revenue for the IT Operations segment was NOK 1,484 million for the fourth quarter of 2012 as compared to NOK 1,570 million in the fourth quarter of 2011. Operating profit before intangible asset amortisation (EBITA) was NOK 73 million in the fourth quarter of 2012 compared to NOK 81 million in the fourth quarter of 2011. The earnings reported for the fourth quarter of 2012 were adversely affected by lower revenue from the enterprise segment (excluding banks) and from the public sector in Norway, but the negative effect on earnings was offset to some extent by the cost saving measures that have been implemented. EBITA margin for the fourth quarter of 2012 was 4.9% compared to 5.2% in the fourth quarter of 2011.

Solutions

Operating revenue for the Solutions segment was NOK 1,138 million for the fourth quarter of 2012 as compared to NOK 1,173 million in the fourth quarter of 2011. Operating profit before intangible asset amortisation (EBITA) was NOK 119 million in the fourth quarter of 2012 compared to NOK 106 million for the fourth quarter of 2011. EBITA margin for the quarter was 10.5% compared to 9.0% in the fourth quarter of 2011.

Consulting

Operating revenue for the Consulting segment was NOK 1,007 million for the fourth quarter of 2012, which represents a reduction of 2% compared to the fourth quarter of 2011. The Consulting segment reported operating profit before intangible asset amortisation (EBITA) of NOK 75 million for the fourth quarter of 2012, which is at the same level as the fourth quarter of 2011.

Company outlook

The situation seen in the fourth quarter of 2012 and expectations for 2013 reflect differences in the macroeconomic situation between Norway and Sweden. The Norwegian economy continues to defy the weak global economic situation, and Norwegian leading indicators strengthened in the fourth quarter of 2012. Statistics Norway expects this positive trend to continue in 2013. EVRY's experience is that the IT services market in Norway is growing in line with previous years, driven by a high level of project activity and good utilisation of consultants, and accompanied by a moderate increase in hourly charges. In terms of outsourcing and IT operating services, market conditions are currently flat in overall terms, with growth in some market segments offset by declining revenue in other segments. However, some large first-time outsourcing tenders are now expected in the Norwegian market.