Proact Expects 2FQ20 Sales Up 15% Y/Y

Second quarter sales of Proact IT Group AB are expected to increase by more than 15% while adjusted EBITA is expected to increase by more than 20% in comparison with the corresponding quarter of last year, which is higher than consensus from market analysts.

System sales during the quarter has been better than expected despite the ongoing pandemic, while good revenue growth in both recurring and consulting services is expected. New sales of cloud services is expected to decline, however.

The positive development in the quarter is partly driven by new needs from customers as a result of Covid-19 and partly by the general needs that exist in the market of services to manage and create value from data. The improvement measures implemented in 2019 within Business Unit West have also had a positive impact in combination with a good development of the company’s revenue mix and well-managed cost control.

Since the outbreak of the pandemic, Proact has prioritised the safety and health of our employees, customers and partners.

Despite the pandemic, the company has delivered products and services with maintained customer experience regardless of the limitations and restrictions that Covid-19 has brought. However, it is still difficult to determine how large or long-lasting the effect of Covid-19 will be on company’s markets. The company monitors developments and makes the necessary adjustments on a continuous basis to minimise the impact on delivery capacity, earnings and liquidity.

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April 24, 2020 | Press Release