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Selskabsmeddelelse

Proact IT Group AB: Interim Report January - September 2024

Proact IT Group
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Strong organic growth and increased profitability

July - September 2024
  • 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.
January - September 2024
  • 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.

Link to the event (https://teams.microsoft.com/l/meetup-join/19%3ameeting_NWY2NzAxMmQtMTFjOC00ZjkwLTkxNTgtNzMyYzMxNWYzNWEz%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:  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.

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