Proact: Fiscal 3Q22 Financial Results

(in SEK million)	3FQ21	3FQ22	Growth	9 mo. 21	9 mo. 22	Growth
Revenue	810.4	1,098.6	*36%*	2,582.6	3,316.8	*28%*
Profit after tax	37.4	43.9		86.2	127.0

Proact IT Group AB announced its financial results for 3FQ22 and 3FH22.

July – September 2022
• Revenue increased by 35.6% to SEK 1,098.6 million (810.4).
• Adjusted EBITA increased by 30.9% and amounted to SEK 78.3 million (59.8), corresponding to an adjusted EBITA margin of 7.1% (7.4).
• Profit before tax amounted to SEK 56.1 million (46.9).
• Profit after tax amounted to SEK 43.9 million (37.4).
• Profit per share amounted to SEK 1.60 (1.36).
• New contracts relating to cloud services worth SEK 158.1 million (74.8) were contracted, an increase by 111.5%.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 369.7 million (294.2), corresponding to an annualized rate of SEK 1,478.6 million (1,176.9).
• On July 1, the acquisition of sepago GmbH was completed with a purchase price of €12 million, on a cash- and debt free basis, and with an additional earn-out of up to €4 million.

January – September 2022
• Revenue increased by 28.4% to SEK 3,316.8 million (2,582.6).
• Adjusted EBITA increased by 72.8% and amounted to SEK 212.8 million (147.5), corresponding to an adjusted EBITA margin of 6.4% (5.7).
• Profit before tax amounted to SEK 158.2 million (114.5).
• Profit after tax amounted to SEK 127.0 million (86.2).
• Profit per share amounted to SEK 4.62 (3.14).
• New contracts relating to cloud services worth SEK 421.0 million (224.6) were contracted, an increase by 87.5%.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 1,069.3 million (871.2).