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Proact: Fiscal 3Q21 Financial Results

Revenue down 1% but profitable

(in SEK million) 3Q20 3Q21 9 mo. 20 9 mo. 21
Revenue 821 810 2,651 2,583
Growth   -1%   -3%
Profit after tax
35.1 37.4 86.2 92.2

Proact January September 2021

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

July – September 2021
• Revenues decreased by 1% to SEK 810 (821) million.
• Adjusted EBITA increased by 11% and amounted to SEK 59.8 (54.1) million, corresponding to an adjusted EBITA margin of 7.4% (6.6).
• Profit before tax amounted to SEK 49.6 (43.4) million.
• Profit after tax amounted to SEK 37.4 (35.1) million.
• Profit per share amounted to SEK 1.36 (1.28).
• New contracts relating to cloud services worth SEK 75 (61) million were contracted, an increase by 23%.

January – September 2021
• Revenues decreased by 3% to SEK 2,583 (2,651) million.
• Adjusted EBITA decreased by 4% and amounted to SEK 147.5 (153.0) million, corresponding to an adjusted EBITA margin of 5.7% (5.8).
• Profit before tax amounted to SEK 114.5 (116.9) million.
• Profit after tax amounted to SEK 86.2 (92.2) million.
• Profit per share amounted to SEK 3.14 (3.37).
• New contracts relating to cloud services worth SEK 225 (189) million were contracted, an increase by 19%.

 

 

 

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