Interim Report for the period January 1, 2001 - September 30, 2001

POOLIA AB (publ) Interim Report for the period January 1, 2001 - September 30, 2001 · Sales during the period rose 24.6% to SEK 812.3 M (first nine months of 2000: 652.2). · Pretax profit amounted to SEK 29.0 M (52.5) and operating profit to SEK 16.2 M (51.4). · Earnings per share amounted to SEK 0.67 (1.84). · Operations have been started up in Frankfurt and Berlin. Sales Sales rose 24.6% during the period to SEK 812.3 M (652.2), of which operations outside Sweden accounted for SEK 101.6 M (0). Sales deriving from acquired companies totaled SEK 128.7 M. Excluding acquired operations, the sales increase was 4.8%. Sales were distributed as follows by service area: Jan - Sep Jan - Sep Change % share % share SEK M 2001 2000 % 2001 2000 Temporary Staffing 755.6 599.2 26.1 93 92 Recruitment 47.6 45.1 5.5 6 7 Outsourcing 9.1 7.9 15.2 1 1 Total 812.3 652.2 24.6% 100 100 Earnings Pretax profit during the period amounted to SEK 29.0 M (52.5). Operating profit totaled SEK 16.2 M (51.4). Earnings during the period were charged with costs of approximately SEK 8.5 M for the establishment and acquisition of operations outside Sweden. The companies acquired during the period - A&Z (Arbeit & Zeit Renate Sandow GmbH) and CSI Competence Sköterskejouren International AB - are included in earnings as of January 1, 2001. The Group's financial net for the period amounted to income of SEK 12.8 M (1.1). Third quarter Sales during the third quarter amounted to SEK 233.4 M (233.4). Pretax profit during the third quarter amounted to SEK 5.6 M (19.0) and operating profit totaled SEK 1.4 M (18.6). Due to decreased demand, particularly in the Office and Industry segments, the number of employees was reduced by 407 during the third quarter. The number of employees was adjusted in stages during the quarter. The number of Swedish locations served by the company was reduced slightly during the quarter and now amounts to 25. The segments Healthcare and Teaching have continued growth. New local offices have been opened in Frankfurt and Berlin. Liquidity and financing On September 30, 2001, the Group's liquid assets amounted to SEK 428.6 M (67.4). Cash flow from operations during the period was negative in an amount of SEK 10.1 M (positive: 31.7). The equity/assets ratio was 78% (51). Investments The Group's investments in fixed assets during the period amounted to SEK 55.8 M (25.6), of which goodwill accounted for SEK 51.7 M. Employees The average number of employees during January - September was 2,631 (1,936). The total number of employees on September 30, 2001 was 2,659 (2,869). Parent Company The Parent Company engages in general corporate management, development and financial management activities. Sales during the period amounted to SEK 3.7 M (2.9) and pretax profit to SEK 12.5 M (0.5). Market According to SPUR (the Swedish Association of Temporary Work Businesses Staffing Services), sales in the Swedish staffing services sector totaled SEK 4,677 M billion during the first half of 2001. Poolia's market share during the first half of 2001 was 11% (10). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/07/20011107BIT00710/bit0001.doc The full report http://www.waymaker.net/bitonline/2001/11/07/20011107BIT00710/bit0002.pdf The full report