Proact: Fiscal 2Q21 Financial Results

(in SEK million)	2FQ20	2FQ21	Growth	6mo. 20	6mo. 21	Growth
Revenue	987	878	*-11%*	1,830	1,772	*-3%*
Profit after tax	40.1	34.0		57.1	48.8

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

April-June 2021
• Revenues decreased by 11% to SEK 878 (987) million.
• Adjusted EBITA decreased by 18% and amounted to SEK 46.0 (56.3) million, corresponding to an adjusted EBITA margin of 5.2 (5.7)%.
• Profit before tax amounted to SEK 34.0 (40.1) million.
• Profit after tax amounted to SEK 26.3 (31.3) million.
• Profit per share amounted to SEK 0.95 (1.14).
• New contracts relating to cloud services worth SEK 72 (77) million were contracted, a decrease by 7%.
• During the quarter, the acquisition of Conoa, a Swedish fast-growing company with specialist expertise within cloud solutions, was announced and completed.

January-June 2021
• Revenues decreased by 3% to SEK 1,772 (1,830) million.
• Adjusted EBITA decreased by 11% and amounted to SEK 87.6 (98.9) million, corresponding to an adjusted EBITA margin of 4.9 (5.4)%.
• Profit before tax amounted to SEK 64.8 (73.5) million.
• Profit after tax amounted to SEK 48.8 (57.1) million.
• Profit per share amounted to SEK 1.78 (2.09).
• New contracts relating to cloud services worth SEK 150 (128) million were contracted, an increase by 17%.