Proact IT Group: Half-yearly report January - June 2013

Regulatory News:

The first six months in brief

-- Income fell by 9% to SEK 1,123 (1,234) million, with 4% adjustment for currency effects and divestment of business.

-- EBITDA fell by 22% to SEK 53.6 (68.4) million.

-- Profit before tax fell by 73% to SEK 7.5 (27.9) million.

-- Profit after tax fell by 70% to SEK 6.0 (20.2) million

-- Profit per share fell by 87% to SEK 0.23 (1.73).

-- Return on equity over the last 12 months amounted to 12.2 (20.5)%.

-- Non-recurring items attributable to reduction of the overall cost structure within the company have adversely affected operating profit in the sum of SEK 18.8 million. Intangible assets relating to the business the Czech Republic have also been written down by SEK 5.2 million. The divestment of business has had a positive impact of SEK 9.2 million on operating profit.

The second quarter in brief

-- Income fell by 7% to SEK 551 (590) million, with 1% adjustment for currency effects and divestment of business.

-- EBITDA fell by 51% to SEK 16.5 (33.4) million.

-- Profit before tax amounted to SEK -8.9 (11.9) million.

-- Profit after tax amounted to SEK -8.1 (9.2) million.

-- Earnings per share fell to SEK -0.97 (0.81).

-- Non-recurring items attributable to reduction of the overall cost structure within the company have adversely affected operating profit in the sum of SEK 15.8 million. Intangible assets relating to the business the Czech Republic have also been written down by SEK 5.2 million.

About Proact

Proact (STO:PACT) 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 640 employees and conducts business in Belgium, Denmark, Estonia, Finland, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, the United Kingdom, Sweden and the Czech Republic. Proact was founded in 1994. Proact IT Group AB (publ), its Parent Company, has been listed on the Nasdaq OMX Stockholm since 1999 under the symbol PACT.

This information was brought to you by Cision http://news.cision.com