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Proact: Fiscal 2Q16 Financial Results

Revenue increased by 8% and profit after tax by 48%

This is a Press Release edited by StorageNewsletter.com on July 14, 2016 at 3:10 pm

The Proact Group announced a financial report for April to June 2016.

proact half year 2016

Second quarter in brief:

  • Revenue increased by 8% to SEK 737 (682) million, revenue increased by 12% adjusted for currency effects.
  • EBITDA increased by 18% to SEK 46.9 (39.6) million.
  • Profit before tax increased by 36% to SEK 34.4 (25.4) million.
  • Profit after tax increased by 48% to SEK 27.4 (18.5) million.
  • Profit per share amounted to SEK 2.91 (1.98).

First six months in brief:

  • Revenue increased by 3% to SEK 1,459 (1,422) million, revenue increased by 6% adjusted for currency effect.
  • EBITDA increased by 4% to SEK 85.9 (82.4) million.
  • Profit before tax increased by 9% to SEK 55.7 (51.1) million. Profit before tax amounted to SEK 61.5 (51.1) million adjusted for items affecting comparability, representing an increase of 20%.
  • Profit after tax increased by 16% to SEK 42.2 (36.2) million.
  • Profit per share amounted to SEK 4.45 (3.80).
  • Items affecting comparability, expenses attributable to the change of group president, have adversely affected the operating profit for the first six months in the sum of SEK 5.8 (-) million.
  • Return on equity over the last 12 months amounted to 29.7 (25.9)%.
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