Proact IT

October – December 2024

• Revenues decreased by 6.7 per cent to SEK 1,268.5 million (1,360.0).
• Adjusted EBITA decreased by 12.0 per cent and amounted to SEK 80.2 million (91.1), corresponding to an adjusted EBITA margin of 6.3 per cent (6.7).
• Earnings before tax amounted to SEK 63.7 million (82.6).
• Earnings after tax amounted to SEK 50.3 million (65.5).
• Earnings per share amounted to SEK 1.87 (2.39).
• New contracts relating to cloud services worth SEK 224.3 million (197.0) were contracted, an increase by 13.9 per cent.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 445.3 million (436.9), corresponding to an annualised rate of SEK 1,781.0 million (1,747.6) and an increase of 1.9 per cent.
• Jonas Hasselberg steps down as President and CEO of Proact IT Group, and the Board of Directors begins a search for his successor.
• Proact issues a profit warning as revenue for Q4 2024 are expected to decrease by 10-15% and adjusted EBITA by 20-30% compared to the previous year. The deviation is explained by a temporary decline in the systems business and a continued challenging market in Germany.

January – December 2024

• Revenues increased by 0.3 per cent to SEK 4,864.2 million (4,847.3).
• Adjusted EBITA increased by 16.1 per cent and amounted to SEK 350.6 million (302.1), corresponding to an adjusted EBITA margin of 7.2 per cent (6.2).
• Earnings before tax amounted to SEK 278.0 million (218.3).
• Earnings after tax amounted to SEK 219.9 million (173.1).
• Earnings per share amounted to SEK 8.15 (6.29).
• New contracts relating to cloud services worth SEK 643.1 million (548.0) were contracted, an increase by 17.4 per cent.
• Recurring revenues (revenues from cloud and support services) amounted to SEK 1,755.5 million (1,692.5), an increase of 3.7 per cent.
• On July 12, the Board of Directors decided to launch a share buy-back program during the third quarter 2024, in accordance with the decision taken by the Annual General Meeting in May.
• The Board of Directors proposes that the Annual General Meeting resolves on a dividend of SEK 2.40 (2.00) per share.

Analysts conference (online)
Analysts are invited to a presentation of the quarterly report via an online conference today, Tuesday 11 February 2025 at 10:00-11:00 CET. The meeting will be hosted by Jonas Hasselberg, President and CEO and Noora Jayasekara, CFO.

Link to the event

Dial-in number: +46 8 505 323 36 Sweden, Stockholm (Toll)
Conference ID: 673 634 541#

Local dial-in numbers

The presentation will be published on the company's website after the video conference.

The conference will be recorded. Personal information will be handled in accordance with Proact’s Privacy Notice.