Proact: 4FQ20 Financial Results

(in SEK million)	4Q19	4Q20	FY19	FY2,
Revenue	991	982	3,408	3,633
		3%		3%
Profit after tax	40.1	(21.6)	80.2	(132.3)

Proact IT Group released financial results for October-December 2020 and FY20.

October-December 2020
• Revenues decreased by 1% to SEK 982 (991) million.
• Adjusted EBITA increased by 36% and amounted to SEK 66.4 (48.8) million, corresponding to an adjusted EBITA margin of 6.8 (4.9)%.
• Profit before tax amounted to SEK 50.8 (22.7) million.
• Profit after tax amounted to SEK 40.1 (21.6) million.
• Profit per share amounted to SEK 4.28 (2.37).
• New contracts relating to cloud services worth SEK 142 (97) million were contracted, a increase by 46%.
• During the quarter, the acquisition of Cetus Solution in UK was implemented, which strengthens Proact’s offering in cloud and workplace services.
• In November an extraordinary general meeting was held which decided on a dividend of SEK 2.50 per share for FY19. The dividend was paid in the same month.

Proact Fy20 Financial Results

January-December 2020
• Revenues increased by 7% to SEK 3,633 (3,408) million.
• Adjusted EBITA increased by 32% and amounted to SEK 219.4 (165.6) million, corresponding to an adjusted EBITA margin of 6.0 (4.9)%.
• Profit before tax amounted to SEK 167.7 (101.7) million.
• Profit after tax amounted to SEK 132.3 (80.2) million.
• Profit per share amounted to SEK 14.39 (8.75).
• New contracts relating to cloud services worth SEK 331 (341) million were contracted, a decrease by 3%.
• The board of directors proposes that the annual general meeting resolves on a dividend of SEK 4.50 (2.50) per share.