Proact IT Group: Fiscal 2Q12 Financial Results

(in SEK million)	2Q11	2Q12	6 mo. 11	6 mo. 12
Income	611	590	1,007	1,234
*Growth*		-3%		*23%*
Profit after tax	6.3	9.2	8.8	20.2

Proact IT Group published its financial results for the six month period ending June 2012.

The first six months in brief

Income increased by 23% to SEK 1,234 (1,007) million.
EBITDA increased by 40% to SEK 68.4 (48.8) million.
Profit before tax increased to SEK 27.9 (13.4) million.
Profit after tax increased to SEK 20.2 (8.8) million.
Profit per share increased to SEK 1.73 (0.64).
Return on equity over the last 12 months amounted to 20.5 (23.7)%.

The second quarter in brief

Income fell by 3% to SEK 590 (611) million.
EBITDA increased by 7% to SEK 33.4 (31.3) million.
Profit before tax increased to SEK 11.9 (10.0) million.
Profit after tax increased to SEK 9.2 (6.3) million.
Profit per share increased to SEK 0.81 (0.48).

The Proact Group has more than 660 employees and conducts business in Belgium, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, The Netherlands, Norway, Slovakia, Spain, Sweden and United Kingdom. Proact was founded in 1994 and its parent company, Proact IT Group AB (publ) has been listed on Nasdaq OMX Stockholm since 1999 under the symbol PACT.