Proact: Fiscal 2Q20 Financial Results

(in SEK million)	2FQ19	2FQ20	Growth	6mo. 19	6mo. 20	Growth
Revenue	806	987	*22%*	1,716	1,830	7%
Profit after tax	22.3	40.1		34.4	57.1

Proact IT Group AB reports its financial results for the period ending in June 2020.

April – June 2020
Good growth, positive development in result and strong cash flow
• Revenue increased by 22% to SEK 987 (806) million.
• Adjusted EBITA increased by 53% and amounted to SEK 56.3 (36.7) million, corresponding to an adjusted EBITA margin of 5.7 (4.6)%.
• Profit before tax amounted to SEK 40.1 (22.3) million.
• Profit after tax amounted to SEK 31.3 (12.8) million.
• Profit per share amounted to SEK 3.42 (1.40).
• New contracts relating to cloud services worth SEK 77 (96) million were concluded, a decrease by 20%.
• New services were launched in Proact’s cloud services including WAN as-a-Service and service management for public cloud.

January – June 2020
• Revenue increased by 7% to SEK 1,830 (1,716) million.
• Adjusted EBITA increased by 24% and amounted to SEK 98.9 (79.9) million, corresponding to an adjusted EBITA margin of 5.4 (4.7)%.
• Profit before tax amounted to SEK 73.5 (49.0) million.
• Profit after tax amounted to SEK 57.1 (34.4) million.
• Profit per share amounted to SEK 6.27 (3.74).
• New contracts relating to cloud services worth SEK 128 (157) million were concluded, a decrease by 18%.