Proact: Fiscal 1Q14 Financial Results
Increasing cloud revenue and improved operating income
This is a Press Release edited by StorageNewsletter.com on April 29, 2014 at 2:41 pm(in SEK million) | 1Q13 | 1Q14 |
Revenues | 573 | 592 |
Growth | 3% | |
Profit after tax | 14.1 | 10.8 |
Proact IT Group announced its financial results
for the first quarter of 2014 from January to March 2014:
- Revenue increased by 3% to SEK 592 (573) million, and revenue remained unchanged when adjusted for currency effects.
- EBITDA fell by 6% to SEK 35.0 (37.1) million. When adjusted for non-recurring items in the first quarter of 2013 in the amount of SEK 6.2 million, EBITDA increased by 13%.
- Profit before tax increased by 7% to SEK 17.5 (16.4) million. When adjusted for non-recurring items in the first quarter of 2013 in the amount of SEK 6.2 million, profit before tax increased by 72%.
- Profit after tax fell by 23% to SEK 10.8 (14.1) million.
- Profit per share fell by 8% to SEK 1.10 (1.20).
- Return on equity over the last 12 months amounted to 9.8 (19.4)%. Return on equity as at 31 December 2013 amounted to 11.6%.