Proact: Fiscal 4Q22 Financial Results

Strong organic growth and good profitability

October-December 2022
• Revenue increased by 52.8% to SEK 1,440.1 million (942.4). 
• Adjusted EBITA increased by 79.6% and amounted to SEK 102.2 million (56.9), corresponding to an adjusted EBITA margin of 7.1 per cent (6.0). 
• Profit before tax amounted to SEK 86.0 million (37.4).
• Profit after tax amounted to SEK 64.6 million (31.0).
• Profit per share amounted to SEK 2.34 (1.12).
• New contracts relating to cloud services worth SEK 142.0 million (177.3) were contracted, a decrease by 19.9%.
• Recurring revenue (revenue from cloud and support services) amounted to SEK 387.9 million (326.7), corresponding to an annualized rate of SEK 1,551.6 million (1,306.8).
• The board has decided to update long-term target for return on capital employed to 20% to better reflect the company’s acquisition strategy. The targets for growth of 10% and an EBITA margin of 8% remain unchanged.

January-December 2022
• Revenue increased by 34.9% to SEK 4,756.8 million (3,525.0).
• Adjusted EBITA increased by 54.1% and amounted to SEK 315.0 million (204.4), corresponding to an adjusted EBITA margin of 6.6% (5.8).
• Profit before tax amounted to SEK 244.2 million (151.9).
• Profit after tax amounted to SEK 191.5 million (117.2).
• Profit per share amounted to SEK 6.97 (4.27).
• New contracts relating to cloud services worth SEK 563.1 million (401.9) were contracted, an increase by 40.1%.
• Recurring revenue (revenue from cloud and support services) amounted to SEK 1,457,2 million (1,194.0).
• On the July 1, 2022, 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.
• The board of directors proposes that the Annual General Meeting resolves on a dividend of SEK 1.85 (1.50) per share.