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Interim Figures

SSH's Net Sales

EUR million 1-3/
2008
10-12/
2007
7-9/
2007
4-6/
2007
1-3/
2007
1-12/
2007
BY SEGMENT
  AMER 1.3 1.4 7.3 1.0 1.8 11.5
  APAC 0.2 0.2 0.2 0.2 0.2 0.8
  EROW 0.4 0.6 0.3 0.3 0.5 1.8
  SSH Group total 1.9 2.2 7.8 1.5 2.6 14.1
BY OPERATION        
  License sales 0.7 1.1 6.8 0.6 1.6 10.1
  Maintenance 1.1 1.1 1.0 0.9 0.9 4.0
  Total 1.9 2.2 7.8 1.5 2.6 14.1

Income Statement

EUR million 1-3/
2008
1-3/
2007
1-12/
2007
Net sales 1.9 2.6 14.1
Purchasing and production costs 0.0 0.0 0.0
Gross profit 1.8 2.6 14.1
Other operating income 0.0 0.1 0.1
Expenses
  Product development -1.0 -0.9 -3.7
  Sales and marketing -1.3 -1.3 -6.5
  Administration -0.5 -0.5 -1.9
Operating profit/loss -0.8 0.0 2.2
Financial income and expenses 0.2 0.2 0.9
Profit/loss before taxes -0.6 0.1 3.0
Taxes 0.0 0.0 0.0
Net profit/loss for the period -0.6 0.1 3.0

Earnings Per Share

  1-3/
2008
1-3/
2007
1-12/
2007
       
Earnings per share (EUR) -0.02 0.00 0.11
Earnings per share, diluted (EUR) -0.02 0.00 0.11

Balance Sheet

EUR million 3/31/
2006
3/31/
2006
12/31/
2007
ASSETS
Fixed and other non-current assets
  Tangible assets 0.2 0.1 0.1
  Intangible assets 0.1 0.2 0.1
  Deferred tax assets 0.2 0.2 0.2
Total fixed and other non-current assets 0.5 0.6 0.5
Inventories and current assets
  Short-term receivables 1.8 3.1 3.0
  Short-term investments 19.5 15.2 20.3
  Cash and cash equivalents 2.0 2.0 1.7
Total inventories and current assets 23.3 20.3 25.1
Total assets 23.7 20.9 25.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Shareholders' equity 20.2 18.1 20.8
Long-term liabilities
  Provisions 0.2 0.0 0.2
  Long-term financial liabilities 0.0 0.0 0.0
Total long-term liabilities 0.2 0.0 0.2
Short-term liabilities 3.3 2.8 4.5
Total liabilities and shareholders' equity 23.7 20.9 25.5

Cash Flow Statement

EUR million 1-3/
2008
1-3/
2007
1-12/
2007
Cash flow from business operations -0.7 0.3 4.8
Cash flow from investments -1.0 0.0 -4.8
Cash flow from financing 0.0 0.0 0.0
Change in liquid assets 0.4 0.3 0.1
Liquid assets at period start 1.7 1.7 1.7
Adjustment for translation difference 0.0 0.0 -0.1
Liquid assets at period end 2.0 2.0 1.7

Statement on Changes in Shareholders' Equity

EUR million Share
Capital
Issue
Premium fund
Fair value
reserves
Translation
difference
Unrestricted
equity funds
and
retained
earnings
Total
Shareholder' equity
Jan. 1, 2007
0.9 11.5 0.1 -0.8 6.3 18.0
Change 0.0 0.0 0.0 0.0 0.1  
Shareholders' equity
Mar. 31, 2007
0.9 11.5 0.1 -0.8 6.4 18.1
Change 0.0 0.0 0.0 -0.3 3.0  
Shareholders' equity
Dec. 31, 2007
0.9 11.5 0.1 -1.1 9.4 20.8
Change 0.0 0.0 0.0 0.0  
Net profit -0.6  
Shareholders' equity
Mar. 31, 2008
0.9 11.5 0.1 -1.0 8.7 20.2

Net Sales By Segment

EUR million 1-3/
2008
1-3/
2007
1-12/
2007
AMER 1.3 1.8 11.5
APAC 0.2 0.2 0.8
EROW 0.4 0.5 1.8
SSH Group total 1.9 2.6 14.1

Operating Profit/Loss by Segment

EUR million 1-3/
2008
1-3/
2007
1-12/
2007
AMER 0.5 1.1 7.6
APAC 0.1 0.1 0.3
EROW -0.1 0.1 -0.1
Common Group expenses* -1.4 -1.3 -5.6
SSH Group total -0.8 0.9 2.2
* Common Group expenses include Group administration expenses (e.g., management and finance) and product management and R&D expenses for corporate headquarters.

Key Figures and Ratios

1-3/
2008
1-3/
2007
1-12/
2007
Net sales (MEUR) 1.9 2.6 14.1
Operating profit/loss (MEUR) -0.8 0.0 2.2
Operating profit/loss, as % of net sales -45.8 -.5 15.3
Profit/loss before extraordinary items and
taxes (MEUR)
-0.6 0.1 3.0
Profit/loss before extraordinary items and
taxes, as % of net sales
-34.4 4.8 21.5
Profit/loss before taxes (MEUR) -0.6 0.1 3.0
Profit/loss before taxes, as % of net sales -34.4 4.8 21.5
Return on investment (%) -11.8 0.7 15.1
Return on equity (%) -12.5 0.7 15.6
Interest-bearing net liabilities (MEUR) -21.5 -17.1 -22.0
Equity ratio (%) 93.7 93.7 91.4
Gearing (%) -106.5 -94.8 -105.8
Gross capital expenditure (MEUR) 0.0 0.0 0.1
  % of net sales 0.2 0.3 0.8
R&D expenses (MEUR) 1.0 0.9 3.7
  % of net sales 54.8 34.9 26.0
Personnel, period average 80 80 81
Personnel, period end 82 79 83

Per-Share Data

1-3/
2008
1-3/
2007
1-12/
2007
Earnings per share, undiluted (EUR) -0.02 0.00 0.11
Earnings per share, diluted (EUR) -0.02 0.00 0.11
Equity per share (EUR) 0.71 0.64 0.73
No. of shares at period end (thousands) 28 538 28 424 28 536
Share performance (EUR)
  Average price 1.50 1.52 1.63
  Low 1.37 1.15 1.12
  High 1.69 1.75 2.39
Share price, period end 1.52 1.30 1.61
Market capitalization, period end (MEUR) 43.4 37.0 45.9
Volume of shares traded (in millions) 1.5 7.3 15.0
Volume of shares traded, as % of total 5.1 25.5 52.6
Value of shares traded, in millions of euros 2.2 11.0 24.5
Price-to-earnings ratio (P/E) - 299.9 15.2

Contingent Liabilities

EUR million 3/31
2008
3/31
2007
12/31
2007
Rental liabilities 0.2 0.1 0.1
Rental and lease liabilities -
minimum lease payments
  Maturing within 1 year 0.7 0.7 0.7
  Maturing between 1 and 5 years 1.1 1.1 1.1
Currency derivatives
(not included in hedge accounting)
  Fair value 0.0 0.0 0.0
  Nominal value 0.0 0.9 0.0