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Proact: Fiscal 3Q14 Financial Results

Flat revenue

The Proact Group announced financial results for the third quarter of the year and for the January – September 2014 nine-month period.

Company’s profit development remaining stable and cloud revenue increased.

Nine months in brief

  • Revenue increased by 3% to SEK 1,620 (1,568) million, and revenue remained unchanged when adjusted for currency effects.
  • EBITDA amounted to SEK 100.9 (87.5) million. When adjusted for non-recurring items in the first nine months of 2013 (SEK -9.6 million), EBITDA increased by 4%.
  • Profit before tax amounted to SEK 55.2 (20.7) million. When adjusted for non-recurring items in the first nine months of 2013 (SEK -14.8 million), profit before tax increased by 55%.
  • Profit after tax increased by 154% to SEK 38.4 (15.1) million.
  • Profit per share increased by 253% to SEK 3.92 (1.11).
  • Return on equity over the last 12 months amounted to 20.2 (11.7) %.

The third quarter in brief

  • Revenue increased by 2% to SEK 455 (455) million, and revenue fell by 3% when adjusted for currency effects.
  • EBITDA fell by 8% to SEK 31.3 (33.9) million.
  • Profit before tax increased by 30% to SEK 17.1 (13.2) million.
  • Profit after tax increased by 24% to SEK 11.3 (9.1) million.
  • Profit per share increased by 31 % to SEK 1.17 (0.89).
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