Proact: Fiscal 1Q15 Financial Results

The Proact Group reports its financial results for the quarter ended March 2015.

• Revenue increased by 25% to SEK 739 (592) million, and revenue increased by 18% when adjusted for currency effects.
• EBITDA increased by 22% to SEK 42.8 (35.0) million.
• Profit before tax increased by 47% to SEK 25.7 (17.5) million.
• Profit after tax increased by 64% to SEK 17.7 (10.8) million.
• Earnings per share amounted to SEK 1.82 (1.10).
• Return on equity over the last 12 months amounted to 24.7 (9.8)%.

Market trends

• The growth of digital business-critical information remains high: in the opinion of research company IDC, annual growth stands at around 50% depending on geographical location and industry.
• Despite the fact that the annual growth of business-critical information is high, annual economic growth in respect of the European storage market is deemed to stand at around 0-2% per year: the primary reason for the difference between information growth and economic growth is the rapid pace of technical development, which results in greater storage capacity per storage unit, for example, as well as new, more efficient data reduction techniques.
• One market trend which remains clear is the fact that integrated systems and private clouds are continuing to grow, while at the same time new fields of technology for data storage are being implemented: one example of a new field of technology is software-defined Storage , which means that storage functionality is controlled by intelligence software, which in turn utilizes standard hardware components.