Proact: Fiscal 4Q18 Financial Results

(in SEK million)	4Q17	4Q18	*Growth*	FY17	FY18	Growth
Revenue	892	967	8%	3,243	3,318	2%
Profit after tax	35.8	39.0	9%	78.2	88.3	13%

Proact IT Group AB announced the financial results of its financial quarter ended on December 2018.

Fourth quarter in brief
• Revenues increased by 8% to SEK 967 (892) million. Growth in local currencies was 5%. Change in accounting principles has affected revenues for the quarter negatively by SEK 43 million.
• EBITA increased by 8% and amounted to SEK 57.7 (53.5) million.
• Profit before tax increased by 7% to SEK 50.3 (47.2) million.
• Profit after tax increased by 9% to SEK 39.0 (35.8) million.
• Profit per share amounted to 4.24 (3.90) SEK.

2018 in brief
• Revenues increased by 2% to SEK 3,318 (3,243) million. Growth in local currencies was -2 %. Change in accounting principles has affected revenues for the year negatively by SEK 178 million.
• EBITA increased by 7% and amounted to SEK 200.5 (188.1) million.
• Profit before tax increased by 11% to SEK 167.8 (151.1) million. Adjusted for items affecting comparability during 2018 (SEK 2.6 million) the increase was 13%.
• Profit after tax increased by 12% to SEK 127.3 (114.0) million.
• Profit per share amounted to 13.87 (12.22) SEK.
• Return on equity over the last 12 months amounted to 29.8% (31.8%).
• The board of directors proposes that the annual general meeting resolves on a dividend of SEK 4.15 (3.75) per share.

The company completed over 5,000 projects around the world, have more than 3,500 customers and currently manage in excess of 100PB of information in cloud.