STOCKHOLM, Sweden, March 22, 2002 (PRIMEZONE) -- IBS' Annual Report 2001 is now available and can be downloaded from the corporate homepage, www.ibs.se
As shown in the Annual Report, IBS has set new financial targets for the operations, calculated over a complete business cycle:
-- An average revenue growth of at least 15% per year, mainly
through organic growth. During the phase of expansion, the
average operating margin is targeted at 5-8%.
-- An average yearly capital turnover ratio of at least 1.5.
-- An equity to total assets ratio of at least 35%.
-- An average return on equity of at least 5% above the
government bond interest rate.
IBS, International Business Systems, is a leading global provider of integrated supply chain execution and customer relation solutions for distributors and demand-driven international manufacturing companies. IBS' primary focus is mid-sized and large wholesale distributors as well as sales and manufacturing companies in international groups, especially in pharmaceuticals, electronic parts and equipment, automotive parts and supplies, machinery, industrial supplies and consumer durables. IBS is recognized by AMR Research as a leading supplier of supply chain execution software and services. IBS has some 5,000 customers, among them many leading companies like Volvo, Miele, Nautor Swan, Galexis, Ciba Vision, Maxell, ABB, Expert, Cartier and Lear Corporation. The IBS Group has revenues of $260m, 2,250 employees and permanent operations in 22 countries. IBS is listed on the Stockholm Stock Exchange ("IBS B").
The full text report with financial tables can be found at the following URL: www.ibs.se/sewww/file.nsf/vLookUpFiles/IBSAnnualReport2001.pdf/$FILE/IBSAnnualReport2001.pdf
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