Proact: Fiscal 3Q18 Financial Results

(in SEK million)	3Q17	3Q18	*Growth*	9 mo. 2017	9 mo. 2018	Growth
Revenue	653	725	11%	2,351	2,351	0%
Profit after tax	24.3	27.8	14%	78.2	88.3	13%

Proact IT Group AB announced its financial results for 3FQ18 ended September 2018.

Third quarter in brief
• Revenues increased by 11% to SEK 725 (653) million. Growth in local currencies was 4%. Change in accounting principles has affected revenues for the quarter negatively by SEK 32 million.
• EBITDA increased by 10% and amounted to SEK 52.9 (48.0) million.
• Profit before tax increased by 18% to SEK 37.4 (31.7) million.
• Profit after tax increased by 14% to SEK 27.8 (24.3) million.
• Profit per share amounted to 3.02 (2.60) SEK.

First nine months in brief
• Revenues were unchanged and amounted to SEK 2,351 (2,351) million. Growth in local currencies was -4 %. Change in accounting principles has affected revenues for the first nine months negatively by SEK 135 million.
• EBITDA increased by 5% and amounted to SEK 165.3 (157.7) million.
• Profit before tax increased by 13% to SEK 117.5 (103.9) million. Adjusted for items affecting comparability during 2018 (SEK 2.6 million) the increase was 16%.
• Profit after tax increased by 13% to SEK 88.3 (78.2) million.
• Profit per share amounted to 9.63 (8.33) SEK.
• Return on equity over the last 12 months amounted to 30.5% (32.6%).