Proact Updates Financial Targets

As the current targets have been achieved, Proact IT Group AB‘s financial objectives have been updated.

These updated targets reflect the company’s strategic direction and ambitions.

In order to ensure that Proact continues to meet its customers’ needs and expectations, the company’s future focus has been updated and clarified. The priority is to further develop the Group’s cloud services, in parallel to improving IT infrastructure offerings, with associated consultancy and support services. Within cloud services, areas such as storage, hybrid clouds, networking, security, applications, and automation are becoming increasingly important to Proact. 

In these areas, the company will ensure offerings, where Proact as a partner to its customers offers quality services and solutions which quickly add sustainable and long-term value. Sales and delivery of the company’s customer-focused services will lead to an increased proportion of contracted revenues in relation to the company’s total revenues.

In order to achieve the updated targets the company will, in parallel with ensuring organic growth, seek for acquisition opportunities in existing and new markets.

“Over the years, Proact has established a strong customer focus as well as specialist expertise in IT infrastructure and cloud services. Today we have a unique position in all our markets and we see a clear potential to increase the growth pace. The updated financial targets reflect the ambition of profitable growth, which will be achieved through a combination of organic growth and acquisitions“, says Jonas Hasselberg, president and CEO.

As a result of the above work in combination with the current financial targets achieved, the following new financial targets and policies have been established:
1 The average total sales growth shall amount to at least 10% per year.
2 The company shall achieve an EBITA margin of 8%.
3 The company’s net debt in relation to EBITDA shall not exceed 2.
4 Return on capital employed shall amount to at least 25%.
5 The company has, unchanged, a policy of long-term dividend of 25-35% of profit after tax.