Proact: Fiscal 4Q19 Financial Results

(in SEK million)	4Q18	4Q19	FY18	FY19
Revenue	967	991	3,318	3,408
*Growth*		3%		3%
Net income (loss)	21.6	(39.0)	80.2	(127.3)

Proact IT Group reports its financial results for the period ending in December 2019.

It announced strong development of cloud services, better profitability in Nordics but continued challenges in West.

October-December 2019
• Revenues increased by 3% to SEK 991 (967) million.
• Adjusted EBITA amounted to SEK 48.8 (57.7) million. Items affecting comparability in the fourth quarter amounted to SEK -11.3 million related to reorganisation and acquisition related expenses..
• Profit before tax amounted to SEK 22.7 (50.3) million. Adjusted for items affecting comparability, profit before tax amounted to SEK 33.9 (50.3) million.
• Profit after tax amounted to SEK 21.6 (39.0) million.
• Profit per share amounted to 2.37 (4.24) SEK.
• New contracts relating to cloud services worth SEK 97 (176) million has been concluded, a decrease by 45%.

Proact F1

January-December 2019
• Revenues increased by 3% to SEK 3,408 (3,318) million.
• Adjusted EBITA amounted to SEK 165.6 (203.0) million. Items affecting comparability during 2019 amounted to SEK -31.5 million related to reorganisation, divestment of subsidiary and acquisition related expenses.
• Profit before tax amounted to SEK 101.7 (167.8) million. Adjusted for items affecting comparability profit before tax amounted to SEK 133.2 (170.4) million.
• Profit after tax amounted to SEK 80.2 (127.3) million.
• Profit per share amounted to 8.75 (13.87) SEK.
• New contracts relating to cloud services worth SEK 341 (348) has been concluded, a decrease by 2%.
• The board of directors proposes that the annual general meeting resolves on a dividend of SEK 4.15 (4.15) 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 the cloud. It employs over 1,000 people in 13 countries across Europe and North America.