Proact IT Group AB: Interim Report, January - March 2024 (correction of year)
Continued growth in the service business and increased profitability
- Revenues decreased by 2.4 per cent to SEK 1,191.3 million (1,220.3).
- Adjusted EBITA increased by 66.4 per cent and amounted to SEK 94.5 million (56.8), corresponding to an adjusted EBITA margin of 7.9 per cent (4.7).
- Earnings before tax amounted to SEK 76.2 million (37.3).
- Earnings after tax amounted to SEK 60.7 million (27.9).
- Earnings per share amounted to SEK 2.22 (1.02).
- New contracts relating to cloud services worth SEK 182.7 million (116.6) were contracted, an increase by 56,7 per cent.
- Recurring revenues (revenues from cloud and support services) amounted to SEK 441.5 million (399.1), corresponding to an annualized rate of SEK 1,766.1 million (1,596.4) and an increase of 10.6 per cent.
- During the quarter, 289 242 shares have been acquired within the buy-back program that was launched in 2023.
Analysts conference (online)
Analysts are invited to a presentation of the quarterly report via an online conference today: Tuesday 7 May 2024 at 10:00-11:00 CET.
Dial-in number: +46 8 505 323 36 Sweden, Stockholm (Toll)
Conference ID: 862 559 300#
Local dial-in numbers (https://dialin.teams.microsoft.com/4493e303-1d58-48aa-b745-7db0be08f9f3?id=862559300)
The conference will be recorded. Personal information will be handled in accordance with Proact's Privacy Notice (https://www.proact.eu/privacy).
This disclosure contains information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 07-05-2024 08:09 CET.