Proact: 2Q13 Financial Results

The Proact Group announced its
financial results for the six months ended June 2013.

• Income fell by 9% to SEK 1,123 (1,234) million,
  with 4% adjustment for currency effects and divestment of business.
  EBITDA fell by 22% to SEK 53.6 (68.4) million.
• Profit before tax fell by 73% to SEK 7.5 (27.9)
  million.
• Profit after tax fell by 70% to SEK 6.0 (20.2)
  million
• Profit per share fell by 87% to SEK 0.23 (1.73).
• Return on equity over the last 12 months amounted
  to 12.2 (20.5)%.
• Non-recurring items attributable to reduction of
  the overall cost structure within the company have adversely affected operating
  profit in the sum of SEK 18.8 million. Intangible assets relating to the
  business the Czech Republic have also been written down by SEK 5.2 million. The
  divestment of business has had a positive impact of SEK 9.2 million on
  operating profit.

The second quarter in brief

• Income fell by 7% to SEK 551 (590) million, with 1%
  adjustment for currency effects and divestment of business
• EBITDA fell by 51% to SEK 16.5 (33.4) million.
• Profit before tax amounted to SEK -8.9 (11.9)
  million.
• Profit after tax amounted to SEK -8.1 (9.2)
  million.
• Earnings per share fell to SEK -0.97 (0.81).
• Non-recurring items attributable to reduction of
  the overall cost structure within the company have adversely affected operating
  profit in the sum of SEK 15.8 million. Intangible assets relating to the
  business the Czech Republic have also been written down by SEK 5.2 million.

The Proact Group
has more than 640 employees and conducts business in Belgium, Denmark, Estonia,
Finland, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, IUK, Sweden and the Czech Republic. Proact was founded in 1994.
Proact IT Group AB (publ), its parent company, has been listed on the Nasdaq
OMX Stockholm since 1999.