At the beginning of 2012, Orc Group Holding AB acquired Orc group through a public tender offer directed to the shareholders in Orc Group AB (publ). Following the sale of Orc's former subsidiaries and sub-groups CameronTec and Neonet, continuing operations in the Orc Group Holding group consist solely of operations in Orc since October 2012. As a result, the comments in the interim reports refers only to developments in Orc. The financial year of the Parent Company, and therefore also the Group, is now the calendar year. The financial statements in the interim report cover the period from July to September 2013 and January to September 2013, as well as the corresponding periods of 2012. The figures in brackets refers to the comparison period from the prior year, unless otherwise stated.

Continued investments in new strategy

Operating revenue for the period from July to September 2013 reached SEK 105m (127), a decrease of 17%. Adjusted EBITDA was SEK 54m (60).
Operating revenue for the period from January to September 2013 amounted to SEK 325m (393), down by 17%. Adjusted EBITDA was SEK 160m (179).
Revenue was down compared to the corresponding periods of last year mainly as a result of declining demand in the global financial markets. The completed rationalization programs and adaptations to the current market conditions resulted in lower operating expenses. Investments in product development continued at an unchanged level.
The equity/assets ratio remains strong at 31% (12).

CEO Torben Munch comments:
"The process of implementing Orc's new strategy continued in the third quarter. This is taking place against a background of ongoing uncertainty in the global financial markets that has affected our customers, and therefore also the revenue, negatively.

Seasonal effects resulted in lower expenses compared to the previous quarter, which offset the drop in revenue so that Orc was able to report a stable EBITDA level for the third quarter of the yof the year.

Our product development initiatives are continuing with sustained high intensity, at the same time that we are working to effectively demonstrate our products' improved functionality and areas of use for both new and existing customers.

The new members of the Executive Management have quickly assumed their new roles and we are focusing fully - together with all employees - on capitalizing on the short- and long-term opportunities offered by the market."