Proact IT Group AB: Interim Report January - September 2024
Strong organic growth and increased profitability
- Revenues increased by 6.3 per cent to SEK 1,132.5 million (1,065.3).
- Adjusted EBITA increased by 8.9 per cent and amounted to SEK 79.3 million (72.8), corresponding to an adjusted EBITA margin of 7.0 per cent (6.8).
- Earnings before tax amounted to SEK 62.1 million (63.7).
- Earnings after tax amounted to SEK 51.9 million (50.9).
- Earnings per share amounted to SEK 1.92 (1.85).
- New contracts relating to cloud services worth SEK 102.3 million (118.8) were contracted, a decrease by 13.9 per cent.
- Recurring revenues (revenues from cloud and support services) amounted to SEK 426.0 million (436.7), corresponding to an annualised rate of SEK 1,704.1 million (1,746.8) and a decrease of 2.4 per cent.
- Revenues increased by 3.1 per cent to SEK 3,595.7 million (3,487.3).
- Adjusted EBITA increased by 28.2 per cent and amounted to SEK 270.5 million (211.0), corresponding to an adjusted EBITA margin of 7.5 per cent (6.0).
- Earnings before tax amounted to SEK 214.2 million (135.5).
- Earnings after tax amounted to SEK 169.5 million (107.5).
- Earnings per share amounted to SEK 6.31 (3.91).
- New contracts relating to cloud services worth SEK 418.8 million (351.1) were contracted, an increase by 19.3 per cent.
- Recurring revenues (revenues from cloud and support services) amounted to SEK 1,310.2 million (1,255.6), an increase of 4.3 per cent.
- On July 12, the Board of Directors decided to launch a share buy-back program during the third quarter 2024, in accordance with the decision taken by the Annual General Meeting in May
Analysts conference (online)
Analysts are invited to a presentation of the quarterly report via an online conference today: Friday 25 October 2024 at 10:00-11:00 CET.
Dial-in number: +46 8 505 323 36 Sweden, Stockholm (Toll)
Conference ID: 559 179 023#
Local dial-in numbers (https://dialin.teams.microsoft.com/4493e303-1d58-48aa-b745-7db0be08f9f3?id=559179023)
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 25-10-2024 08:00 CET.