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Year-End Report 1 January – 31 December 2015

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Quarterly period October-December, continuing operations
Reported revenue, earnings, cash flow and financial ratios relate to continuing operations, and do not include Poolia UK.

  • Revenue amounted to SEK 210.2 (179.2) million, an increase of 17.3%.
  • Operating profit amounted to SEK 6.9 (1.0) million, with an operating margin of 3.3% (0.6%). 
  • Profit before tax amounted to SEK 11.1 (0.9) million.
  • Profit after tax was SEK 8.2 (0.0) million.
  • Earnings per share amounted to SEK 0.48 (0.00).
  • Cash flow from operations for the quarter was SEK 11.4 (-1.6) million.

Discontinued operations

  • Profit/loss from discontinued operations was SEK -0.7 (-0.1) million for the fourth quarter and SEK -0.7 (-1.7) million for the period January-December.
  • Cash flow from discontinued operations, including the sale of the UK operations, for the period January-December was SEK -0.0 (7.5) million.

Full year January-December, continuing operations
Reported revenue, earnings, cash flow and financial ratios relate to continuing operations, and do not include Poolia UK.

  • Revenue amounted to SEK 757.1 (700.6) million, an increase of 8.1%.
  • Operating profit amounted to SEK 16.0 (5.6) million, with an operating margin of 2.1% (0.8%).
  • Profit before tax amounted to SEK 22.5 (5.3) million.
  • Profit after tax was SEK 16.0 (1.8) million.
  • Earnings per share amounted to SEK 0.92 (0.11).
  • Cash flow from operations for the period was SEK 17.4 (3.4) million.
  • The equity/assets ratio ended the period at 32.4% (33.8%), and the Group’s equity per share was SEK 4.41 (3.96).
  • The Board proposes a dividend of SEK 0.5 per share, with a total value of SEK 8,560,998.

From the CEO – Good end to the year
Poolia's revenue for continuing operations for the fourth quarter amounted to SEK 210.2 million, an increase of SEK 31.0 million (17.3%) compared with the same quarter in 2014. Operating profit for the same period was SEK 6.9 (1.0) million.

The Swedish business was responsible for 72% of the Group's revenue in the fourth quarter. Sweden increased its revenue by SEK 24.1 million to SEK 150.2 million, i.e. growth of 19.1% compared with the same quarter the previous year. Operating profit for Poolia Sweden during the quarter was SEK 1.4 (-2.2) million. The operating margin was 0.9% (-1.7%). Poolia Sweden incurred restructuring costs of SEK 0.3 (2.0) million during the quarter.

Revenue for Poolia's German operations increased by 18.1% to SEK 7.3 million during the fourth quarter. The operating margin improved to 11.6% (7.2%) during the period.

Revenue for Poolia’s Finnish operations showed a decline of 3.0% to SEK 0.4 million during the quarter, which meant the operating margin fell to 0.0% (2.3%).

The Poolia Group's revenue for continuing operations increased by SEK 56.5 million during 2015, which corresponds to an increase of 8.1%. Operating profit for the same period was SEK 16.0 (5.6) million, with an operating margin of 2.1% (0.8%).

Cash flow from operations for the period was SEK 17.4 (8.3) million. The Company's restructuring costs for the full year amounted to SEK 5.3 (5.4) million. The Group's liquidity and financial position are good.

Our efforts to create an organisation able to grow with profitability are beginning to bear fruit. We place a lot of time and effort in becoming more efficient in sales and marketing. For Poolia to have the goal of becoming best in the industry in the supply of skilled temps and employees goes without saying. It means we must be able to make the best possible match between temp/candidate and the relevant assignment. We are constantly improving our efforts to achieve this task with lower resource consumption, while maintaining consistent and high quality.

The list of new, returning and renewing clients continues to grow. Tendering processes won during the fourth quarter included SOBI, the Swedish Transport Administration, Volvo AB, Bergendahls, Parliament Administration, the Swedish Pensions Agency and Svenska Spel.

Integration of the acquired company Joblink Norden AB has now been completed according to plan. We now have a strong market position in Skåne, which is important for achieving our long-term goals for operations in Sweden.

The leadership development programme (“No Roof Leadership”) is in progress and is highly rated by the participants. This programme is critical to the achievement of our 2020 targets. Poolia's long-term goals and strategies stand firm. The positive energy is stronger than ever; we take up our challenges with pleasure and have great confidence as we face the future.               

Morten Werner
Managing Director and CEO

Contact person:
Morten Werner, MD and CEO, tel: +46 70 636 25 25, +46 8 555 650 60

This information has been published pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 09.00 on 19 February 2016.

Poolia’s business concept is to provide companies and organisations with the skills that, either temporarily or permanently, meet their needs for qualified professionals. Poolia specialise in temporary staffing and permanent placement of professional staff in our focus areas of Finance & Accounting, Financial Services, Office Support, IT, Life Science & Engineering, Sales and Marketing, Human Resources, Legal, and Executive Search. Poolia has business in Sweden, Finland and Germany. Poolia is listed on the NASDAQ OMX Stockholm AB since 1999.

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Year-End Report Poolia Permanent placement Temporary staffing Qualified professionals

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