Press Release 9 May 2007

Annual report 2006 - IBX establishes new office in the UK and announces 35 per cent growth during 2006

IBX, Europe’s leading provider of services and solutions for efficient purchasing, continues to expand at a profitable rate. Net revenues for the full year 2006 increased by nearly 35 percent to MSEK 251 (MSEK 187), with 6 percent coming from the acquisition of German Portum AG. Following two major contracts with British clients, IBX now announces the opening of a new office in Oxford, United Kingdom with the intention of building a strong presence in the British market.

IBX increased results before depreciations (EBITDA) by 53 percent to MSEK 23 (MSEK 15), and improved its result before tax to MSEK 2.0 (MSEK 0.1). The acquisition of German Portum AG, a leading supplier of web-based solutions for strategic purchasing, has proceeded successfully and has already proven a strategically important complement to IBX operations.

- During 2006, we have focused on European expansion, partly through the acquisition of Portum AG in Germany and partly through new sales primarily in Germany, UK and France. The investment in our product portfolio more than doubled and we have made significant developments of our technical software infrastructure. As a result of our investments we have been able to enter new long-term contracts with major clients such as Deutsche Lufthansa AG, Hydro Aluminium, NCC and Cloetta Fazer, says Hans Ahlinder, CEO of IBX.

Since the closing of the books for 2006, IBX has signed agreements with two global clients with headquarters in the UK, within telecom and construction. As a result of this, IBX now announces the opening of the company’s first office in the UK. Says Hans Ahlinder:

- Our expansion in Europe continues as our clients lead us to new markets. We are very satisfied to have reached two major agreements in a short period of time, and expect to further develop our business in the UK. Our strategy of using long-term contracts with solid clients as a base for further expansion has proven very successful so far, the order book for 2007 is already on par with revenue 2006. This means that 2007 will also be a year with strong growth for IBX.

IBX has operations in eight European countries, and operational solutions for customers in 52 (48) countries globally. At the end of 2006, IBX had 95 (68) buying companies and 1,846 (1,318) affiliated catalogue supplier companies. At the end of the period, IBX had 227 (161) employees, with new recruits expected to meet the increase in demand, and subsidiaries in eight countries.

For more information, please contact:
Hans Ahlinder, CEO IBX, Phone: +46 70 513 65 79, e-mail: hans.ahlinder@ibxeurope.com
Torbjörn Enström, CFO IBX, Phone: +46 8 5030 4223, e-mail: torbjorn.enstrom@ibxeurope.com
Peter Lageson, SVP Marketing IBX, Phone: +46 703 75 51 05, e-mail: peter.lageson@ibxeurope.com

About IBX
IBX is Europe’s leading provider of services and solutions for efficient purchasing. IBX supports large and medium sized organizations in transforming their sourcing, procurement and payment functions, enabling them to quickly capture spend and deliver measurable savings. IBX services and solutions include IBX Strategy, IBX Source, IBX Procure, IBX Pay and IBX Supplier Network. IBX has offices in Stockholm (headquarter), Copenhagen, Frankfurt, Helsinki, Paris, Oslo, Oxford and Stavanger. www.ibxeurope.com

Milestones

2000 - IBX is established in October through an initiative from Ericsson, SEB and b-business partners. The initial period was used to set up an application environment and to implement the two first customers: Ericsson and SEB. As a part of this, IBX signed agreements with SAP and Commerce One in November 2000.

2001 - IBX states its ambition of becoming a Nordic business, with Denmark being the second country to join the system through the arrival of Novo Nordisk as part owner and customer. On 5 December, IBX has won the competition for the Norwegian State e-procurement initiative e-handel.no. IBX has thus established operations in Norway.

2002 - The year starts with IBX stating that the company is now a member of an international network. The final stage of the pan-Nordic establishment is the addition of Finland. IBX is now present in Sweden, Denmark, Norway and Finland.

2003 - At the end of 2002, IBX had 23 (6) purchasing companies and 250 (135) supplier companies linked to its system. Earnings rose by 30 per cent in 2002 and are expected to increase by a further 50 per cent in 2003. In 2003, IBX is expected to reach a break-even EBITDA level for the whole year – the company’s third year of operation.

2004 - IBX presents figures for 2003 and announces a new stock issue of MSEK 45, which is intended to make IBX the leading company in Europe. Skanska selects IBX as its supplier. The contract represents a major breakthrough for IBX within the building and construction centre and covers Skanska’s critical flow of construction materials. IBX strengthen it’s position in the entire Nordic signing deals with, among others, Saab in Sweden, Finnair in Finland, Helse Ost in Norway and Lundbeck in Denmark. IBX takes an important step on the European market, when the company signs a five-year agreement with Deutshe Post World Net. The agreement, which is global, comprises 5 000 suppliers in more than 20 countries.

2005 - IBX presents the result of 2004, the operating result before depreciation and amortization was a profit of SEK 9 million. During 2004 IBX dealt with 1 million purchasing orders with a total purchasing volume of SEK 27 billion. Volvo increases its collaboration with IBX to include global purchasing solutions. The European paper industries launch the joint eProcurement initiative PPConnect and they have chosen IBX as a supplier of eProcurement solutions and supplier network. In March, IBX acquires the leading German e-commerce company trimondo Gmbh. The acquisition establishes IBX in Europe. The LEGO Group and IBX signs an three years agreement including e-commerce solutions and consulting services.

2006 - IBX presents the result of 2005 and strengthens its position as the leading European Purchasing Solutions provider with net revenues for the full year 2005 increased by 55 percent to SEK 187 million (120), while operating income before depreciation was up to SEK 15 million (9). Tuve Johannesson elected New Chairman of IBX's Board of Directors. Tuve Johannesson is the former head of Volvo. In August IBX acquires German Portum AG, a leading supplier of web-based solutions for strategic purchasing (e-sourcing). IBX enters into a ten-year cooperation agreement with SAP, based on their purchasing solution, mySAP SRM. IBX signs new contracts with Hydro Aluminium, Avinor, three public health authorities in Norway, Cloetta Fazer, NCC and expands the collaboration with Lufthansa.