Interim report for the period january - march 2001

INTERIM REPORT FOR THE PERIOD JANUARY-MARCH 2001 Increased profitability and continued strong growth Summary of the period · Revenue amounted to SEK 168.2 million (112.6), an increase of 49 per cent compared to the first quarter of the previous financial year. Sales of services have doubled. · Operating profits before the amortization of goodwill (EBITA) amounted to SEK 4.4 million (-5.1), and net operating profits totalled SEK 0.9 million (-7.5). · The average number of employees during the period was 240 (184). · Important events during the period · Considerable business with regard to secure infrastructure for Ericsson Radio Systems, com hem and Statoil. · Nordic partnership agreement with Hitachi Data Systems strengthens ProAct's position on the rapidly developing Nordic SAN market. · Acquisition of the company Combinator IT AB, a pure consultancy company with good profits and a staff of around 20. · Per-Arne Lundberg becomes new President and Group CEO of ProAct IT Group AB. Henrik Holm appointed Chairman of the Board. · Significant events after the end of the period · Sale of the activities in ProAct Medical AB, generating profits of around SEK 20 million before tax. · Decision by the Board concerning a new stock issue with preferential rights for existing shareholders to be completed during the second quarter. · Establishment of a sales office in the IT and telecommunication- intensive Karlskrona area. · ProAct is a specialist and independent integrator with know-how, methods and products in the field of data warehousing and infrastructure for securing mission-critical information. The company, which is active in Denmark, Finland, Norway and Sweden, focuses on medium-sized and large companies and organisations in need of secure and efficient handling of mission-critical information. Business is conducted in Copenhagen, Aarhus, Helsinki, Uleåborg, Oslo, Bergen, Stavanger, Trondheim, Stockholm, Gothenburg, Linköping, Sundsvall and Lund, with a staff more than 250, most of whom are technically oriented. What sets ProAct apart is the technical expertise and competence of its personnel. ProAct IT Group AB is listed on the O-list of the Stockholm Stock Exchange, Attract 40. The Market and ProAct's role ProAct is a specialist and independent integrator with know-how, methods and products in the field of infrastructure for securing mission- critical information. The company, which employs around 250 people, conducts business in Denmark, Finland, Norway and Sweden. ProAct primarily works for large and medium-sized businesses and organisations. The expansion of the Internet and increased business activity on the Net makes increasing demands for high levels of security, access to data, short response times, and high accessibility - 24 hours a day, all year round. Demand is increasing for ProAct's skills and system solutions, from both traditional customers and customer groups from what is known as the new economy. A secure infrastructure consists of aspects such as data storage, security, and a network with associated functions for improved performance and accessibility. Infrastructure is the foundation of mission-critical applications. The market for secure infrastructure is increasing very rapidly, with an estimated annual growth rate of 30- 40 per cent. Financial development during the period ProAct's net revenue for the first three months of the year amounted to SEK 168.2 million (112.6), an increase of 49 per cent compared to the same period of the previous financial year. This growth is divided between organic growth (44.5 per cent) and acquired growth (4.5 per cent). At 1 April, the order book totalled SEK 54 million. In the same way as in previous years, sales show appreciable seasonal variations, as our customers are still largely subject to the limitations of their respective budgets. The first and third quarters of the year therefore generate relatively lower income than the second and fourth. Of the total revenue for the period, service income amounted to SEK 57.6 million (28.6), an increase of SEK 29.0 million or 101 per cent compared to the same period of the previous financial year. The contribution made by services to turnover has increased considerably, totalling 34 per cent for the first quarter of the current year. This is in line with a conscious commitment to increase the proportion of services in the range of products offered to customers. Operating profits before the amortization of goodwill (EBITA) amounted to SEK 4.4 million (8.7), and net operating profits totalled SEK 0.9 million (-7.5). This involved a positive break with tradition, as the first quarter of the year has conventionally returned a negative result. The company's fixed costs are generally evenly distributed over the year. Historically, the seasonal variation in sales has thus resulted in the company returning better results in the second and fourth quarters than in the first and third.. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/27/20010427BIT00290/bit0002.doc The full report http://www.bit.se/bitonline/2001/04/27/20010427BIT00290/bit0002.pdf The full report

About Us

Proact is Europe’s leading independent data centre and cloud services provider. By delivering flexible, accessible and secure IT solutions and services, we help companies and authorities reduce risk and costs, whilst increasing agility, productivity and efficiency. We’ve completed over 5,000 successful projects around the world, have more than 3,500 customers and currently manage in excess of 100 petabytes of information in the cloud. We employ over 800 people in 15 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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