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Proact: Fiscal 1Q13 Financial Results

Income fell by 11%.

This is a Press Release edited by StorageNewsletter.com on May 10, 2013 at 2:47 pm
 (in SEK million) 1Q12  1Q13
 Revenues 644  573
 Growth    -11%
 Profit after tax 11.0 14.1

Proact IT Group announced its financial results
for the first quarter of 2013:

  • Income fell by 11% to SEK 573 (644) million, with 7% adjustment for currency effects.
  • EBITDA increased by 6% to SEK 37.1 (35.0) million.Profit before tax increased by 3% to SEK 16.4 (16.0) million.
  • Profit after tax increased by 28% to SEK 14.1 (11.0) million.
  • Profit per share increased by 32% to SEK 1.20 (0.91).
  • Return on equity over the last 12 months amounted to 19.4 (18.3) %. Return on equity as at 31 December 2012 amounted to 18.9%.
  • Non-recurring items attributable to reduction of the overall cost structure within the company have adversely affected operating profit in the sum of SEK 3 million. The sale of Exquip Network Services Ltd. has affected the operating profit positively by SEK 9.2 million.
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