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Year-end report 2014

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Increase in cloud revenues and profit development good

2014 in brief

  • Revenue increased by 1% to SEK 2,325 (2,305) million, and revenue fell by 3% when adjusted for currency effects.
  • EBITDA increased by 13% to SEK 144.2 (128.1) million.
  • Profit before tax increased by 95% to SEK 85.2 (43.7) million.
  • Profit after tax increased by 120% to SEK 59.9 (27.2) million
  • Profit per share amounted to SEK 6.16 (2.36).
  • Return on equity amounted to 23.4 (11.6) %.
  • A non-recurring item attributable to previous years has adversely affected operating profit in the sum of SEK 2 million. Total non-recurring items in 2013 amounted to SEK 21.1 million.
  • The Board of Directors proposes that the Annual General Meeting should elect to pay a dividend of SEK 1.70 (1.20) per share.

The fourth quarter in brief

  • Revenue decreased by 4 % to SEK 706 (737) million, and revenue fell by 7 % when adjusted for currency effects.
  • EBITDA increased by 6 % to SEK 43.2 (40.6) million.
  • Profit before tax increased by 30 % to SEK 30.0 (23.0) million.
  • Profit after tax increased by 78 % to SEK 21.4 (12.1) million
  • Profit per share amounted to SEK 2.24 (1.24).
  • A non-recurring item attributable to previous years has adversely affected operating profit in the sum of SEK 2 million. 

For further information, please contact:

Martin Ödman, CEO, Tel +46 733 56 68 11, e-mail: martin.odman@proact.eu
Peter Javestad, VP / IR, Tel +46 733 56 67 22, e-mail: peter.javestad@proact.eu
Jonas Persson, CFO, Tel +46 733 56 66 90, e-mail: jonas.persson@proact.eu

About Proact
Proact is Europe’s leading independent integrator in the fields of data storage and cloud solutions. Proact supplies business benefits by helping companies and authorities over the world to reduce risk and costs, and above all, to supply flexible, accessible and secure IT services.

Proact solutions cover all elements of data storage, including virtualisation, network functions and security, and the company has more than 3 500 successful projects behind it, along with vast information volumes which are managed at the Proact data centre.

The Proact Group has more than 660 employees and conducts business in Belgium, Czech Republic, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, Sweden, the United Kingdom and the United States of America. Proact was founded in 1994. Proact IT Group AB (publ), its Parent Company, has been listed on the Nasdaq Stockholm since 1999 under the symbol PACT.

For further information about Proact’s activities please visit us at www.proact.eu

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Year-End Report proact 2014

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