Proact: Fiscal 3Q17 Financial Results

(in SEK million)	3Q16	3Q17	*Growth*	9 mo. 2016	9 mo. 2017	Growth
Revenue	594	657	11%	2,054	2,363	*15%*
Profit after tax	20.7	24.8	20%	62.9	80.0	27%

Proact IT Group AB revealed lts financial results for 3FQ17 ended September 2017.

Third quarter in brief:
• Revenues increased by 11% to SEK 657 (594) million. Growth in local currencies was 12%
• The organic growth equals 1%.
• EBITDA increased by 23% and amounted to SEK 48.9 (39.8) million.
• Profit before tax increased by 15% to SEK 32.6 (28.3) million.
• Profit after tax increased by 20% to SEK 24.8 (20.7) million.
• Profit per share amounted to SEK 2.66 (2.18) million.
• Continued positive revenue and profit development
• The best revenues and profits for a third quarter in the history of the company, and for a seventh consecutive quarter
• 5% profit before tax margin
• Improved profitability
• System sales revenues increased by 13%, to SEK 394 (349) million
• Services revenues increased by 7%, to SEK 261 (244) million
• Cloud services revenues increased by 12%, compared with the same period last year, to SEK 101 (91) million

The first nine months in brief
• Revenues increased by 15% to SEK 2,363 (2,054) million. Growth in local currencies was 15%.
• EBITDA increased by 27% and amounted to SEK 159.9 (125.7) million.
• Profit before tax increased by 26% to SEK 106.1 (84.0) million.
• Profit after tax increased by 27% to SEK 80.0 (62.9) million.
• Profit per share amounted to SEK 8.52 (6.64) million.
• Return on equity over the last 12 months amounted to 32.8% (29.3%).

Revenue by industry – 12 months October – September 2016/2017

Revenue par quarter and net margin (PBT) rolling 12 months