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2022-07-14

Proact IT Group AB: Half-yearly report, January - June 2022

Record quarter with strong growth

April - June 2022

  • Revenues increased by 31.3 per cent to SEK 1,153.7 million (878.5).
  • Adjusted EBITA increased by 78.5 per cent and amounted to SEK 82.1 million (46.0), corresponding to an adjusted EBITA margin of 7.1 per cent (5.2).
  • Profit before tax amounted to SEK 64.7 million (34.0).
  • Profit after tax amounted to SEK 49.1 million (26.3).
  • Profit per share amounted to SEK 1.79 (0.95).
  • New contracts relating to cloud services worth SEK 141.4 million (71.9) were contracted, an increase by 96.7 per cent.
  • Recurring revenues (revenues from cloud and support services) amounted to SEK 353.3 million (286.9), corresponding to an annualized rate of SEK 1,413.3 million (1,147.6).
  • On June 21st, an agreement was signed to acquire sepago GmbH in Germany.

January - June 2022

  • Revenues increased by 25.2 per cent to SEK 2,218.2 million (1,772.1).
  • Adjusted EBITA increased by 53.6 per cent and amounted to SEK 134.6 million (87.6), corresponding to an adjusted EBITA margin of 6.1 per cent (4.9).
  • Profit before tax amounted to SEK 102.1 million (64.8).
  • Profit after tax amounted to SEK 83.0 million (48.8).
  • Profit per share amounted to SEK 3.03 (1.78).
  • New contracts relating to cloud services worth SEK 262.9 million (149.8) were contracted, an increase by 75.5 per cent.
  • Recurring revenues (revenues from cloud and support services) amounted to SEK 699.6 million (573.1).

Events after quarter ending

  • On the 1st of July the acquisition of sepago GmbH was completed with a purchase price of EUR 12 million, on a cash-free and debtfree basis, and with an additional earn-out of up to EUR 4 million.

  

Analysts conference (online)

Analysts are invited to a presentation of the quarterly report via an online conference today: Thursday 14 July 2022 at 13:30-14:30 CET.

Link to the event (https://teams.microsoft.com/l/meetup-join/19%3ameeting_YzNkZjVhZWMtNTcxZi00OTY3LTk0NjYtNDExYTBmZmI4ZjU2%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)

https://teams.microsoft.com/l/meetup-join/19%3ameeting_YzNkZjVhZWMtNTcxZi00OTY3LTk0NjYtNDExYTBmZmI4ZjU2%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: 956644121#

Local dial-in numbers
https://dialin.teams.microsoft.com/4493e303-1d58-48aa-b745-7db0be08f9f3?id=956644121 
 

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 14-07-2022 13:00 CET.

For further information, please contact: 

Jonas Hasselberg, CEO and President, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Linda Höljö, CFO and IR, Proact IT Group AB, +46 72 507 40 85, linda.holjo@proact.eu

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