Turnover of Proact Increased by 68%

Proact IT Group, in storage, archiving and securing large volumes of mission-critical information, reports financial results from January 2011  to September 2011

Nine months in brief

• Net turnover increased by 68 % to SEK 1 533 (911) million.
• EBITDA increased by 46 % to SEK 83.9 (57.3) million.
• Profit before tax fell by 27 % to SEK 29.2 (39.6) million. Excluding acquired units, profit increased by 40 % to SEK 55.5 million. Profit was affected by acquisition expenses amounting to SEK 12.7 million.
• Profit after tax fell by 29 % to SEK 21.3 (29.8) million.
• Profit per share fell by 42 % to SEK 1.80 (3.10).
• Return on equity over the last 12 months amounted to 23.4 (31.3) %.

Third quarter in brief

• Net turnover increased by 125 % to SEK 526 (235) million.
• EBITDA increased by 75 % to SEK 35.4 (20.2) million.
• Profit before tax increased by 12 % to SEK 15.8 (14.1) million. Excluding acquired units, profit increased by 89 % to SEK 26.7 million. Profit was affected by acquisition expenses amounting to SEK 2.0 million.
• Profit after tax increased by 11 % to SEK 12.5 (11.3) million.
• Profit per share fell by 1 % to SEK 1.16 (1.17).

The Proact Group has more than 625 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.