Proact: Fiscal 1Q23 Financial Results

Good organic growth and maintained gross margins

This is a Press Release edited by StorageNewsletter.com on May 4, 2023 at 2:02 pm

(in SEK million)	1Q22	1Q23	Growth
Revenue	1,064.5	1,220.3	*15%*
Profit after tax	33.9	27.9

Proact IT Group AB reports financial results for January 2023 to March 2023.

• Revenues increased by 14.6% to SEK 1,220.3 million (1,064.5).
• Adjusted EBITA increased by 8.5% and amounted to SEK 56.8 million (52.5), corresponding to an adjusted EBITA margin of 4.7% (4.9).
• Profit before tax amounted to SEK 37.3 million (37.5).
• Profit after tax amounted to SEK 27.9 million (33.9).
• Profit per share amounted to SEK 1.02 (1.24).
• New contracts relating to cloud services worth SEK 116.6 million (121.6) were contracted, a decrease by 4.1%.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 399.1 million (346.3), corresponding to an annualized rate of SEK 1,596.4 million (1,385.2) and an increase of 15,2%.

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