Year-end report 2000

YEAR-END REPORT 2000 1 January-31 December Strong growth with a positive result Fourth quarter · Revenue rose sharply in the fourth quarter, totalling SEK 257.2 million (133.9) an increase of 92 per cent. · During this quarter, operating profits before the amortization of goodwill (EBITA) amounted to SEK 18.7 million (7.1), and net operating profits totalled SEK 15.9 million (5.4). · The year in brief · Rapid growth continued, with revenue totalling SEK 670.7 million (438.9), an increase of 53 per cent. ·Operating profits before the amortization of goodwill amounted to SEK 20.3 million (8.7), and net operating profits totalled SEK 10.3 million (2.4). ·The company NMG Holding AB was acquired on January 1. The company employs ten people and generates revenue of around SEK 30 million annually. This acquisition has helped ProAct to strengthen its competence in the area of Storage Area Networks (SAN). ·ProAct has further strengthened its position as a market-leading integrator in the Nordic region in the area of secure infrastructure for mission-critical information. ·Increased focus on services and the establishment of a Storage Service Provider (SSP) service - secure data storage on the Net. · Significant events after the end of the financial year · Acquisition of the company Combinator IT AB, a pure consultancy company with good profits and a staff of around 20. · 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 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, Oulu, Oslo, Bergen, Stavanger, Trondheim, Stockholm, Gothenburg, Linköping, Lund and Sundsvall, with a staff of more than 240 (February 2001), most of whom are technically oriented. What sets ProAct apart is the technical expertise and competence of its personnel. ProAct IT Group AB (publ) is listed on the O-list of the OM Stockholm Stock Exchange, Attract40. 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 employs 240 people and operates in Denmark, Finland, Norway and Sweden, primarily working for large and medium-sized companies 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 is expanding very rapidly - by an estimated 30-40 per cent per annum - within the fundamental and sector- independent area of secure infrastructure. Fourth quarter 2000 ProAct returned a very result for the fourth quarter. Net revenue increased by 92 per cent to SEK 257.2 million (133.9), and operating profits before the amortization of goodwill amounted to SEK 18.7 million (7.1). Net operating profits totalled SEK 15.9 million (5.4). The company enjoyed very positive development during the fourth quarter, closing a large number of deals in the Nordic region. During this quarter, system projects were completed for companies including Ericsson Software Technology, Telia, Nokia, the Sema Group, Xpedio, Elanders and the Norwegian company Chello Broadband. The strong fourth quarter is fully in line with the clear seasonal variations observed in previous years. The company's sales in a given year have historically shown an approximate 40/60 split between the first and second six months, respectively. In addition, the second and fourth quarters of the year are generally more profitable than the first and third. The company normally generates high revenue in the second quarter, with particularly high sales in the fourth quarter. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/15/20010215BIT00130/bit0001.doc The full Year-End Report http://www.bit.se/bitonline/2001/02/15/20010215BIT00130/bit0001.pdf The full Year-End Report