Proact: Fiscal 1Q19 Financial Results

(in SEK million)	1Q18	1Q19	Growth
Revenue	759	910	*20%*
Profit after tax	25.3	21.6	-15%

This is an interim report for the period January – March 2019 for Proact IT Group AB.

There was a continued positive trend for company’s revenue

The first quarter in brief
• Revenues increased by 20% to SEK 910 (759) million. The growth in local currencies was 16%.
• EBITA adjusted for items affecting comparability (SEK 11.1 million) amounted to SEK 43.1 (45.2) million. EBITA decreased to SEK 32.0 (42.6) million.
• Profit before tax decreased to SEK 26.8 (33.2) million. Adjusted for items affecting comparability (SEK 11.1 million), profit before tax increased to SEK 37.9 (35.8) million.
• Profit after tax decreased to SEK 21.6 (25.3) million.
• Profit per share amounted to 2.34 (2.76) SEK.
• Return on equity over the last 12 months amounted to 27.0% (29.3%).

The firm completed over 5,000 projects around the world, have more than 3,500 customers and currently manage in excess of 100PB of information in the cloud. It employs over 800 people in 15 countries across Europe and North America.