Proact: 1FQ22 Financial Results
Revenue increased by 19% to SEK 1,065 million
This is a Press Release edited by StorageNewsletter.com on April 27, 2022 at 2:02 pm| (in SEK million) | 1FQ21 | 1FQ22 |
| Revenue | 894 | 1,065 |
| Growth | 19% | |
| Profit after tax | 40.1 | 31.0 |
Proact IT Group AB announced its financial results for 1FQ22 from January to March 2022.
Strong growth within both systems and services
• Revenue increased by 19% to SEK 1,065 million (894).
• Adjusted EBITA increased by 26% and amounted to SEK 52.5 million (41.6), corresponding to an adjusted EBITA margin of 4.9% (4.7).
• Profit before tax amounted to SEK 37.5 million (30.8).
• Profit after tax amounted to SEK 33.9 million (22.5).
• Profit per share amounted to SEK 1.24 (0.82).
• New contracts relating to cloud services worth SEK 122 million (78) were contracted, an increase by 56%.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 346 million (286), corresponding to an annualized rate of SEK 1,384 million (1,144).
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