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Proact: Fiscal 1Q16 Financial Results

Revenue down 2%, profit after tax 16%

This is a Press Release edited by StorageNewsletter.com on April 20, 2016 at 2:53 pm
(in SEK million) 1Q15 1Q16 Growth
Revenue
 739 723 -2%
Profit after tax
 17.7 14.8  -16%

The Proact Group announced an interim financial report for January to March 2016.

In brief:

  • Revenue remained unchanged, when adjusted for currency effects the revenue fell by 2% to SEK 723 (739) million.
  • EBITDA fell by 9% to SEK 39.0 (42.8) million.
  • Profit before tax fell by 17% to SEK 21.2 (25.7) million. Profit before tax amounted to SEK 27.1 (25.7) million when adjusted for non-recurring items, representing an increase of 5%.
  • Profit after tax fell by 16% to SEK 14.8 (17.7) million.
  • Earnings per share amounted to SEK 1.55 (1.82)
  • Non-recurring items attributable to the change of CEO have adversely affected the operating profit for the quarter in the sum of SEK 5.8 (-) million.
  • Return on equity over the last 12 months amounted to 26.2 (24.7)%.
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