Proact: Fiscal 1Q11 Financial Results

(in SEK million)	1Q10	1Q11
Revenues	317.8	396.0
*Growth*		25%
Net income (loss)	6.9	2.5

The Proact IT Group, in storage, archiving and securing large volumes of mission-critical information, reported financial results for its first quarter of 2011.

Net turnover increased by 25 % to SEK 396 (318) million.
Profit before tax fell by 65 % to SEK 3.3 (9.5) million. Excluding acquired units, profit increased by 21 % to SEK 11.5 million.
Profit after tax fell by 64 % to SEK 2.5 (6.9) million. Excluding acquired units, profit increased by 25 % to SEK 8.6 million.
Profit per share fell by 75 % to SEK 0.19 (0.75).
Return on equity over the last 12 months amounted to 26.4 (30.6) %.

The Proact Group has more than 570 employees and conducts business in Belgium, Czech Republic, Denmark, Estonia, Finland, Great Britain, Latvia, Lithuania, The Netherlands, Norway, Slovakia, Spain and Sweden. Proact was founded in 1994 and its parent company, Proact IT Group AB has been listed on Nasdaq OMX Stockholm since 1999 under the symbol PACT.