Proact: 3FQ20 Financial Results

(in SEK million)	3FQ19	3FQ20	Growth	9mo. 19	9mo. 20	Growth
Revenue	701	821	*17%*	2,417	2,651	*10%*
Profit after tax	24.2	35.1		58.6	92.2

Proact January September 2020

Proact IT Group AB published its interim report for the period of July to September 2020.
• Revenues increased by 17% to SEK 821 million (701 from January to September 2018).
• Adjusted EBITA increased by 46% and amounted to SEK 54.1 (36.9) million, corresponding to an adjusted EBITA margin of 6.6 (5.3) percent.
• Profit before tax amounted to SEK 43.4 (30.0) million.
• Profit after tax amounted to SEK 35.1 (24.2) million.
• Profit per share amounted to SEK 3.84 (2.64).
• New contracts relating to cloud services worth SEK 61 (87) million were contracted, a decrease by 30 percent.
• The board proposes that the extraordinary general meeting on November 5 decides on a dividend of SEK 2.50 per share.
• During the quarter, ServiceNow was implemented, a new system for our service operations, which will improve the customer experience while enabling efficiencies in our service delivery.

From January to September 2020
• Revenues increased by 10% to SEK 2,651 (2,417) million.
• Adjusted EBITA increased by 31% and amounted to SEK 153.0 (116.8) million, corresponding to an adjusted EBITA margin of 5.8% (4.8%).
• Profit before tax amounted to SEK 116.9 (79.0) million.
• Profit after tax amounted to SEK 92.2 (58.6) million.
• Profit per share amounted to SEK 10.11 (6.38).
• New contracts relating to cloud services worth SEK 189 (244) million were contracted, a decrease by 22%.