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Proact IT Group AB: Interim Report, January - March 2024 (correction of year)

08:09 / 7 May 2024 Proact Press release

Continued growth in the service business and increased profitability

January - March 2024
  • 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.

Link to the event (https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTUxZjY0ZmQtZTVkZC00ZWFlLTllYTItZmY1MWI2NGVlYzYx%40thread.v2/0?context=%7b%22Tid%22%3a%22c047d5c1-d2a6-484d-ae6e-ec2bce85d023%22%2c%22Oid%22%3a%22cc241de7-1605-487f-86a9-70b73b510023%22%7d)
 

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.

For further information, please contact: 

Jonas Hasselberg, CEO, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Åsa Regen Jansson, Interim CFO & IR, Proact IT Group AB, +46 73 511 22 55, asa.regen.jansson@proact.eu

About Proact

Proact is Europe's leading specialist in data and information management with focus on cloud services and data centre solutions. We help our customers to store, connect, protect, secure and drive value through their data whilst increasing agility, productivity and efficiency. We've completed thousands of successful projects around the world, have more than 4,000 customers and currently manage hundreds of petabytes of information in the cloud. We employ over 1,200 people in 12 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), was listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact's activities please visit us at www.proact.eu

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