Proact: Fiscal 1Q21 Financial Results

(in SEK million)	1Q20	1Q21	Growth
Revenue	843.8	893.6	6%
Net income (loss)	4.0	3.5

Proact IT Group reports its financial results for the period ending in March 2021.

Proact 1q

January – March 2021
• Revenue increased by 6% to SEK 894 (844) million.
• Adjusted EBITA decreased by 2% and amounted to SEK 41.6 (42.6) million, corresponding to an adjusted EBITA margin of 4.7 (5.1)%.
• Profit before tax amounted to SEK 30.8 (33.4) million.
• Profit after tax amounted to SEK 22.5 (25.8) million.
• Profit per share amounted to SEK 2.47 (2.85).
• New contracts relating to cloud services worth SEK 78 (51) million were contracted, an increase by 53%.
• Proact topped the list of suppliers of consulting services as well as infrastructure and operations in Radar’s customer survey Supplier Quality 2020/21 in Sweden.

The company had 1,034 (1,021) employees as of March 31, 2021, of which the acquisition of Cetus has contributed with 45 employees.

On April 12 ,Conoa AB, with estimated annual revenue of SEK 80 million, was acquired for a total purchase price of SEK 105 million, on a cash-free and debt-free basis.