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ATCA/Standard Servers

ENEA Closes 2008

KISTA, Sweden -- Enea (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, today reports its full year report for 2008.

Fourth Quarter

* Net sales increased by 9 percent to SEK 252.0 (232.2) million.
- Software sales increased by 18 percent to SEK 99.3 (84.0) million.
- Consulting and other revenue rose 3 percent to SEK 152.7 (148.2) million.
* Operating profit was SEK 23.4 (24.5) million with an operating margin of 9.3 (10.6) percent.
* Net profit was SEK 31.8 (35.9) million, equivalent to SEK 1.76 (1.96) per share.

January - December

* Net sales increased by 12 percent to SEK 917.6 (820.6) million.
* Software sales increased by 9 percent to SEK 338.4 (311.6) million.
* Consulting and other revenue rose 14 percent to SEK 579.2 (509.0) million.
* Operating profit rose to SEK 73.1 (72.1) million. The operating margin was 8.0 (8.8) percent.
* Net profit increased to SEK 88.3 (71.2) million, equivalent to SEK 4.90 (3.88) per share.

Events after the end of the period

Enea adopted a cost-cutting program, including staff cutbacks in product development. The program is expected to save SEK 15 million in 2009. No restructuring costs are involved. New offices will open in the spring in Beijing, China and in Romania.

Enea AB

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