Proact IT Group AB: Interim Report, January - March 2023
Good organic growth and maintained gross margins
- Revenues increased by 14.6 per cent to SEK 1,220.3 million (1,064.5).
- Adjusted EBITA increased by 8.5 per cent and amounted to SEK 56.8 million (52.5), corresponding to an adjusted EBITA margin of 4.7 per cent (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 per cent.
- 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 per cent.
Analysts conference (online)
Analysts are invited to a presentation of the quarterly report via an online conference today Thursday 4 May 2023 at 09:30-10:30 CEST
Dial-in number: +46 8 505 323 36 Sweden, Stockholm (Toll)
Conference ID: 476605145#
Local dial-in numbers (https://dialin.teams.microsoft.com/4493e303-1d58-48aa-b745-7db0be08f9f3?id=476605145)
The presentation will be published on the company's website after the video conference.
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 04-05-2023 08:00 CET.